The CBOT opened on a strong note and moved higher for most of the day with the markets posting a mini rally following yesterday’s day of depressed trading. Wheat futures moved higher in a test of old support levels, which helped put a bid under corn as well. Outside markets were higher as fears over coronavirus-driven demand destruction are fading, which further boosted the CBOT’s good mood. Corn, wheat, the soy complex, and cattle futures all finished higher. China’s Phase One agreements, including reductions in SPS barriers and tariffs, will kick in on 15 February (Saturday), which could result in substantial buying in the near-term. With that possibility looming, traders are reluctant to be short this market, and...
Veterans Day offers a moment to pause and recognize the people behind the uniform. To all who have served and the families who have supported them, thank you for your dedication, courage and sacrifice. Markets had plenty of headlines to digest today, and grains offered some encouraging follow-t...
Key Takeaways: The recent pullback in crude oil and other energy markets has left many in the ag and biofuels communities wondering what it means for ethanol and biodiesel prices and profit margins. WPI’s research indicates a weak but still significant link between ethanol and crud...
Key Takeaways: Alabama and Louisiana have requested partial waivers of 2027 Renewable Fuel Standard (RFS) requirements, arguing that rising compliance costs are contributing to higher fuel prices and economic hardship. Louisiana Governor Jeff Landry is encouraging neighboring states to join th...
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.