It is too early to determine whether Argentina will have sufficient 12 percent protein wheat to fulfill the contracts already made. The lack of demand for lower quality wheat is pressuring those prices and giving reasons for exporters to defend prices of the higher quality stocks, resulting in a rapidly growing price spread. Soybeans The sharp basis drop that occurred a few weeks ago spurred significant Chinese buying. The basis decline was driven by the CBOT rally, very good origination in the U.S. and Brazilian exporters’ big long position. Since then, Chinese buyers have been in the market daily. However, recent stability in the CBOT, slowing U.S. farmer selling and a stronger Brazilian real have caused the basis to increase gradually...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.