Corn and wheat found technical support Tuesday that created turnarounds on their respective charts and, in the case of wheat, formed bullish key reversals. News of smaller corn yields in the Midwest and strong export sales performance last week helped boost corn and wheat values following Monday’s moves to new selloff or contract lows. Conversely, news of larger-than-expected Iowa soybean yields and ongoing trade worries with China helped push soybeans to a slightly lower close for the day. Once again, cattle futures surged to new all-time highs with traders expanding bullish positions. Tuesday’s action suggests grains should continue to firm this week while the soy complex will struggle under the outlook of weak export demand a...
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...
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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.