Wheat has attractive prospects for 2016, but today's close of the December Chicago SRW contract back below the physiologically important level of $5.00 seems somewhat of an ominous indicator against buying prematurely. General Comments Money management is temporarily the dominant price-influencing factor in Chicago grain futures. There is little reason to discuss other influences of secondary importance because that is poised to dictate price action for the next few days, which is likely to be lower.The December corn contract appears to have declined low enough when all other factors other than money management are considered. However, that cannot be left out of the equation, and it substantially increases the probabilities that corn will...
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.
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...