Grain and soy prices moved higher across the board overnight as several developments caught traders' attention. Their reactions were tempered, however, by weather projections. Both the higher prices and trader caution then carried over to the day session. General Comments Midwest soil moisture fell last week as evaporation loss from the prevailing heat was not replaced by precipitation. This along with the sharp decline in weekly spring wheat conditions caught traders’ attention as the overnight session got underway last evening. With MGEX HRS futures leading the way, grain and soy prices moved higher across the board. Current Midwestern soil moisture is at the lowest level for this point in June since 2012, and traders recall very well w...
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.