USDA will issue its next WASDE report on 12 January and many in the trade expect its final numbers for corn and soybeans for the current marketing year to show a relatively large decline in ending stocks. Export sales have advanced at a fast pace and production reductions in South America and the Black Sea are likely to boost them further. In recent years, USDA has more frequently reduced soybean stocks from the December to January reports, and sometimes to a relatively large degree. It has more often been closer to its final numbers for corn in the December report. The larger problem is that unlike the trade, agency analysts will not speculate larger reductions in production in competitor countries until the evidence is more irrefut...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
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...
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.