GOOD MORNING, Today's price action will be guided by the June 30 Stocks/Acreage report. Trading ranges are confirmed, and though the night trade started with mixed values, all are lower heading into the open except for meal, which is higher on profit-taking in oilshare. There were very few deliveries for first notice day, sending the nearby corn spread to new contract highs. As to the report, bears think that corn acres will be high end, while bulls view a neutral report as possibly more friendly, particularly if China begins to buy anew with a short crop in Brazil for corn. The July/Dec corn spread firms to new ctr highs at 1.50c on tight old crop supply and lack of deliveries, and slow farmer selling...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
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.