THE OPEN Nov beans: 7 higher Dec meal; 2.70 higher Dec soyoil: 2 higher Dec corn: 1 higher Dec wheat: 1 1/2 lower Prices opened firm amidst more short-covering activity in front of the USDA report, which started in the corn market where the largest short position is located, as well as chatter about more Chinese bean purchases with 1-2 mmt of the tariff free quota being purchased. Minneapolis wheat once again opened with a very firm bid as more adverse weather crosses the Northern Plains this week, and weather problems continue in Australia and Argentina. Chicago wheat became the sell-leg in early trade against Minneapolis and corn, with funds carrying a mostly even position and a higher...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.