One of the hallmarks of a bear market is that buyers are patient and wait for rallies to subside, rather than chasing prices higher. That dynamic was on display this afternoon as the CBOT finished lower despite early morning gains. Demand has thinned in recent days amid the modest CBOT rally, and that left the market with pressure today. One of the day’s features was bear spreading in soybeans as Chinese demand is increasingly focused on new crop positions. With Brazil remaining competitive against U.S. offers, Chinese buyers have secured most (80 percent or more) of their summer crushing needs from South America. Chinese crushers are still open for August/September positions, where the U.S. is competitive. However, without str...
What You Need to Know Today: Attacks between the U.S. and Iran intensified overnight and the U.S. Central Command reported that the U.S. naval blockade against Iran will begin at 3:00 PM CDT Tuesday. President Trump said the Strait of Hormuz is open to all shipping traffic, except Iran. In an...
Beef packer margins improved to -$172/head last week, up $31 from the prior week as sharply lower fed cattle prices more than offset a seasonal decline in the Choice cutout. The cutout fell to $382/cwt while fed cattle prices dropped to $248/cwt, allowing packers to recover some of the margin c...
Key Takeaways: Aquaculture is becoming increasingly important in meeting global seafood demand, gaining market share as wild-caught fisheries face production limitations. Superior feed conversion efficiency gives aquaculture a competitive advantage over traditional livestock production, with l...
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.