While the overnight market was all green except for soymeal, it was only joined by wheat in green by the end of today’s trading session. There were lots of lead changes for corn and soybeans, with narrow trading on both sides of nowhere. This led to some mini-whiplashes as the market calculated positioning ahead of tomorrow’s big USDA reports. The weather situation continues to provide some caution, with flooding in the northwest corner of the production belt, July heat and dryness in the east, and drought returning to the Black Sea region. Funds are huge net shorts despite the risks. They are focused on surplus U.S. stocks of wheat, corn, and soybeans that are projected to grow larger. World carryover of wheat and corn w...
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.