Bulls won the day Wednesday as the CBOT was higher across the board. The soy complex led the way higher on strong export news and soybeans posted a technical breakout, which triggered buy-stops and fund buying. Wheat futures were stronger with the Chicago market posting new contract highs before ending near the mid-point of the daily range (which suggests strength may be waning). Corn futures were mostly pulled higher in sympathy trade, though December futures briefly traded above long-term resistance. Outside markets were mostly lower for the day with U.S. stocks falling despite strong earnings reports from several retailers. Yesterday’s rally pulled major indexes back near all-time highs, and investors took that opportunity t...
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.