Traders must strive to decipher whether today's unexpectedly bullish price action was an upward head fake in a further downward market or the "real McCoy" of a solid bottom from which prices will start to work higher for a substantial time.Yesterday's indecisive close in December Chicago wheat seemed to be the tipping point that enabled it to obtain the leadership position in taking grain contracts higher today. The tug-of-war in trading dynamics, discussed in yesterday's market commentary, is primarily credited with this abrupt upward momentum in wheat. It was not export demand because only 37 percent of total U.S. wheat export sales commitments have been completed so far this season against a normal five-year pace of 45 percent, and the s...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.