GOOD MORNING, The markets continue to digest the WASDE information released on Tuesday having made new highs, but in corrective mode today along with weaker cash and outside markets. Offers at the PNW and Gulf were lower after the rally to 15-month highs, with cash corn down by 4c and beans down 8c. Spreads are weaker as the Goldman Roll concludes its run. Wheat prices broke lower yesterday triggering sell-stops under $6.00, with Russia clarifying that their exports would not be as restrictive as before. Headlines on Wed. said that Russia's grain export quota over the second half of its marketing season could be set at 15 mmt, but offered no other information as to when the quota would go into effect.&...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
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.