Trading volume was quite large again overnight, but it then slowed during the day session with prices recovering to levels around Monday’s closes. It was an easy day at the office for U.S. wheat markets. General Comments Grain and soy futures prices were firmer at the beginning of the overnight session as they reacted to larger-than-expected declines in weekly crop condition ratings for corn and soybeans. The good/excellent rating for corn dropped 3 percent to 65 percent, while that of soybeans slipped 2 percent to 62 percent. Spring wheat rated as good/excellent dropped 2 percent to 35 percent, the poorest rating in 29 years. Perhaps the most vivid way to describe the 2017 U.S. spring wheat crop woes is to point out that the percentage o...
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.