The CBOT had an old-school opening this morning with no overnight trade as markets were closed Tuesday for the U.S. Independence Day holiday. That led to a bit more volatility in the morning’s open but nothing that really sparked much angst. Soybeans and corn saw relatively quiet trading days with little fresh news available to drive the markets and both settled largely unchanged. The same was not true of wheat, however, where multiple bullish influences combined to send CBOT wheat 30+ cents higher and KCBT wheat up nearly 50 cents. Deliveries against July CBOT futures contracts remain focused on CBOT wheat with Monday seeing a second straight day of heavy deliveries. Monday also saw a few tenders against corn futures, which wi...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.