General Comments Overnight trading of grain and soy futures experienced better volume than has been seen recently, but this did not translate into significant price changes. Soybeans were up about 2.5 cents, wheat was down a penny or so, and corn was fractionally higher. Traders were surprised by the surge of open interest (O/I) for corn and Chicago wheat futures after Tuesday’s trade. Corn O/I was up 27,758 contracts, and Chicago wheat O/I climbed 18,739 contracts. By contrast, soybean O/I was up a mere 49 contracts. The assumption is technical weakness encouraged noncommercials to add substantially to their short positions in corn and Chicago wheat yesterday, and now the former is close to or perhaps above 200,000 contracts and th...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.