GOOD MORNING, Seasonal lows are sometimes set after the September or October reports, and it's always about fund flows and market reaction to the data. The Sep report was neutral to bearish for corn, but funds decided it was time to cover part of their short position when prices returned to contract lows setting the stage for an outside day of trade closing higher. However, the up-move started with beans yesterday as rumors floated on the trading floor that China had purchased beans off the PNW. Reuters later confirmed 600 tmt of beans were transacted for Oct/Nov delivery, with basis strengthening from +17 Nov to +33 Nov. This morning, China's state media, citing unidentified sources, said the gov. will...
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.