GOOD MORNING, Prices are mostly higher as strong performances this week emboldens the bean and soyoil bull. Soyoil futures have been in a strong uptrend since last year with consistently higher pullbacks holding for more upside on tight world vegoil supplies. Crude oil trades to new highs this morning, with canola setting new contract highs this week. Egypt purchased 60,000 mt in a completed tender on Thursday. One commercial firm announced plans to upgrade their US bean plants across seven states, increasing load efficiency at numerous plants and expanding crush which is designed to meet increasing food demands, including increased biofuel demand as a return to normal traffic begins. Oil World forecast the E...
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...
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.