THE OPEN July beans: 24 higher July meal: 4.50 higher July soyoil: 120 pts higher July corn: 14 higher July wheat: 6 higher The market opened as called with profit-taking and active index fund rolling taking place. Wheat futures turned lower from higher, having never really joined the rally. Ultimately declining July open interest weighed on spreads and brought some pressure to flat-priced trade as well. At 10:00 export inspections were released as follows: Corn: 1,413,073 mt vs. 2,104,363 mt week ago (vs. an expected 1.8 mt) Wheat: 418,547 mt vs. 260,288 mt week ago (vs. an expected 340,000 mt) Beans: 237,108 mt vs. 194,131 mt week ago (vs. an expected 200,000 mt) Corn export inspe...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.