A stronger wheat market helped corn as did more talk that farmers are looking for ways to reduce corn costs because of low prices. Soybean and meal contracts did work progressively higher throughout the day. General Comments The markets all opened steady to higher Sunday evening after last week's weakness. Wheat was the leader, followed by corn and the soy complex. However, this was not decisive price action because wheat had a modest setback at the close of the trading day. Also, while corn closed positive, it spent the entire day trading below the high prices that were established early in the morning. Soybean and meal contracts did work progressively higher throughout the day. However, that price action occurred as soyoil traded lower,...
What You Need to Know Today: Oil prices surged today following reports of tanker attacks off the coast of Saudi Arabia by Houthi rebels and renewed U.S. threats to escalate military strikes against Iran, heightening concerns over potential disruptions to Middle East energy supplies. Brent crud...
Key Takeaways: The latest UN data shows solid progress reducing global hunger and food insecurity. The geography of hunger-affected people has shifted substantially, however, and Africa is now the most affected region. To understand why hunger patterns have shifted and what policy option...
USDA’s monthly cattle on feed report for 1 July will be released tomorrow. Analysts’ pre-report consensus estimates are for the total inventory on feed to be 102.2 percent of last year. Those estimates imply an on-feed inventory of 11.327 million head. If accurate, that would be the...
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.