Friday’s WASDE was bearish corn and soybean futures, but you wouldn’t know that from Monday’s price action. Both markets turned higher with meaningful strength as tight old crop stocks and a technical rebound from oversold conditions and technical support boosted values. The WASDE was, of course, bullish wheat markets and they responded accordingly, with 20+ cent gains for the day. Livestock markets joined in on the bullish chorus after USDA shaved back production expectations for hogs and cattle in 2023. The weekly Export Inspections report was neutral soybeans and wheat while being bearish corn. Corn inspections were up from the prior week but still below the target needed to keep pace with USDA’s forecast. Soybea...
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.