Overnight losses were gradually reduced during the day session. Today’s futures market price action suggests that traders are still concerned that hot, dry conditions will return in late June and/or early July. General Comments Overnight trading in grain and soy futures found prices drifting a bit lower following yesterday’s weakness. Trading volume was about average. Rains were falling in a number of areas in the central U.S., and traders of course keep a close eye on weather radar maps these days. Open interest in corn and wheat futures each dropped by nearly 5,000 contracts, while soybean open interest grew by about 2,900 contracts. It appears that funds are slowly reducing their short positions in the grains but adding to their short...
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.