After a very quiet prior week with limited activity, market conditions became significantly more active. Futures rallied early in the week after President Trump said he had spoken with Xi Jinping and that China agreed to buy up to 20 MMT of U.S. soybeans. China has already purchased around 12 MMT, leaving potential room for an additional 8 MMT. The announcement triggered a strong futures response, particularly as the earlier 12 MMT commitment was fully executed, with Cofco taking about 4 MMT and Sinograin purchasing the remaining 8 MMT, reinforcing confidence in China’s follow-through. The futures rally sparked heavy farmer selling in Brazil, with roughly 5 MMT reportedly originated during the week, pressuring Brazilian basis values...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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.