The Market Wednesday’s October WASDE report was the market mover of the week. Soybean prices were already firm ahead of the report and while the wheat and corn numbers stole the show, bullish for soybeans was a 65-million-bushel reduction in forecasted U.S. production. That pushed the intraday price back above $14 and resulted in a close at $13.96/bushel. Despite ongoing efforts in China to reduce import dependency, USDA increased its estimate of Middle Kingdom soybean imports in 2022/23 by 1 MMT to 98 MMT. In a post-holiday mood, China’s soybean purchases this week have been robust. While Wednesday's WASDE provided most of the support for soybeans this week, the net change at close of business today was not much:...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
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...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.