The CBOT was mostly lower to end the week, but hints of strength were found in key markets. Specifically, July corn futures, while posting a loss for the day, managed to test $8 despite choppy, low-volume trade. The fact the corn market only settled 4 cents lower is notable given the massive meltdown that occurred in wheat. KCBT and CBOT wheat futures each posted 40+ cent losses on the U.S. dollar’s rally and rumors (though unlikely in WPI’s view) of renewed Russian/Turkish efforts to establish an export corridor for Ukrainian grain. Soybeans drifted sideways amid a lack of fresh news while bull soymeal/soyoil spreading occurred as the two product markets followed through on their respective bullish and bearish technical develop...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
CORN Argentina In Argentina, after several weeks of intense and frequent rainfall, weather conditions have improved, with clear days, dry cold, and wind supporting both soil and grain drying. Harvest activity has resumed; however, producers continue to prioritize soybeans, limiting progress in...
Update for 6 April 2025: Last year, users pointed out differences between the 5-year averages reported in this app and what USDA estimates in its weekly report. The difference exists because WPI calculates average based on the last 5 years of observations for the current week. In cases where ob...
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.