GOOD MORNING, If the rains washed away gains over the last several weeks, a bit of hot and dry is now turning prices higher. In the meantime, the Commitment-of-Traders report showed that long positions were not only lightened up, but that funds were also net short wheat. Wheat is higher on concerns that world production could fall due to lower supplies from the US, Canada, and Russia. Forecasts for Canadian spring wheat and canola are expected to be cut in the coming weeks as the weather remains adverse. Black Sea export prices, (Russia and Ukraine), have been on the rise. Soyoil futures are lower with crude oil prices dipping on the back of a resurgence of the virus and therefore concerns for eco...
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.