The CBOT tumbled again on Wednesday amid increased chatter about a near-term market top. July and November soybeans violated technical support at the open, which triggered sell-stops and left the soy complex as one of the weakest markets of the day. Corn and wheat were lower as well with 2021 production prospects rising. Private firms are continually adding to their corn acreage forecast (and, to a lesser extent, soybeans), which is keeping pressure on row crop rallies. Wheat markets were pressured today by surprisingly large yield estimates from the Wheat Quality Tour. Funds were net sellers for the day and this Friday’s CFTC report is apt to show significant long liquidation. The U.S. weather patterns are shifting favorably f...
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.