The CBOT was higher to start the day after Russia attacked more Ukrainian export and grain infrastructure in Odesa and the country’s Danube River ports. That rally was extended during the day session as the blistering hot weather over the U.S. Midwest prompted traders to add back weather premia to corn and soybean prices. Wheat futures followed along but lacked much of a fundamental story themselves, except, of course, for the tensions in the Black Sea. Funds were net buyers across the major ag markets but remain cautious exiting profitable shorts in the wheat and corn markets. The Pro Farmer crop tour pegged the Indiana corn yield at 180.89 BPA, below the USDA’s August forecast of 195 BPA and above last year’s tour...
What You Need to Know Today: CBOT markets pared Monday’s sharp losses as traders booked short profits and adjusted positions ahead of the Grain Stocks report that USDA will release Wednesday afternoon. The 7-day QPF forecast from NOAA now shows heavy rain across the central and western C...
There was encouraging news over the weekend: the White House may reject the misguided idea on Capitol Hill to ban U.S. diesel exports. What WPI has noted previously was perhaps best put by a Department of Energy report of 2022, under the Biden administration: Petroleum liquids markets are globa...
Key Takeaways: Comparative advantage encourages countries to specialize in goods they can produce at a lower opportunity cost and rely on trade for others. Differences in climate, land, infrastructure, and technology help determine where agricultural commodities can be produced most efficientl...
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.