The CBOT started the holiday-shortened trading week with an old fashion hard open on Tuesday morning with no overnight trade to guide initial investment. That meant markets were slammed by sell orders stemming from weekend rains in Brazil and forecasts for more over the coming weeks. Soybeans gapped lower to start the morning and the entire CBOT grain complex was quickly on the defensive. Corn, wheat, soybeans, and soymeal all settled lower to start the year with traders failing to leave 2023’s bearish sentiment in the past. Cattle futures posted strong rallies for the day, however, as traders expanded portfolios after two weeks of holiday-doldrum trade. Funds were active net sellers in the grain and hog markets for the day, but they...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
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.