GOOD MORNING, This week featured further contract highs and new highs for most of the markets on trading ranges. Funds will head out longer than a week ago, possibly up to 220K corn contracts, though the Commitment-of-Traders report will clarify. No doubt the weaker US dollar is the underlying positive macro trade, while good demand and tighter carryout provides the fundamental justification. In terms of exports, corn sold and shipped for 20/21 is at 28.33 mmt vs. 10.86 mmt year ago. The unpriced consumer is feeling the pinch as higher prices become a day- to- day occurrence. Grains are higher this AM led by wheat. Technically, Dec. wheat found some sell-stops through $6.21 without much downside f...
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
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.