Managed money was a net seller across agricultural markets for the fourth straight week, selling a net 119,000 contracts through Tuesday’s reporting deadline and reducing the combined net-long position by 13.1 percent. Corn accounted for 70 percent of the weekly selling, while funds also reduced their exposure across the soy complex, wheat, and livestock markets. Despite the broad selling, soybeans, soymeal, and soyoil each retained five-year seasonal record net-long positions, while lean hogs reached a five-year seasonal record net short. The bearish WASDE report meant that managed-money positioning in corn ...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.