The CBOT was not in a good mood Tuesday (at least not from a long’s perspective) as it opened on the defensive and found reasons to justify a massive bearish reaction to modestly bearish WASDE numbers. USDA increased U.S. corn and wheat ending stocks slightly and cut the 2022/23 soybean carry-out, but all three of those futures markets posted 40-60-cent losses anyway. There was a sense that a collapse in crude oil and another rally in the U.S. dollar created a selling mentality even before the report came out. Moreover, the USDA’s report seems to indicate that world grain and oilseed supplies are growing, and the bull market story is over. Even if the report didn’t necessarily justify a selloff, the lack of a tradeable bul...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.