The market is steady but leaning bearish ahead of tomorrow’s USDA January WASDE report. The agency will put its final touches on numbers for 2023 and any changes are likely to be small and perhaps bearish. The market has signaled that expectation for most of the past few weeks. The soybean numbers are expected to be steady, but corn and wheat stocks could be nudged higher. See yesterday’s Market Commentary for WPI’s expectations. For example, output might be shaved a little lower on suboptimal conditions at harvest, but exports could be lowered, and stocks raised. Generally lower prices this week speak volumes. Today, saw generally lower volume, except for HRS, and March soybeans netting out at zero change for the...
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...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
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.