The grain and soy market’s bullish drumbeat continued to roll overnight. Prices then moved still higher as trading resumed during the day session, and MGEX HRS futures resumed their bullish leadership. General Comments The grain and soy market’s bullish drumbeat continued to roll overnight. Market trade built on Wednesday’s strength by adding on several cents pretty much across the board. The latest weather forecasts offered no changes in the outlook for extreme heat from the southwestern Plains northward into the Dakotas, which is then to move eastward by this weekend. NOAA’s weekly drought summary did not expand that area in the northern Plains very much, but it raised its assessment of intensity by calling drought in the region moderat...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.