Wheat Argentina’s wheat markets traded a pattern similar to the prior week’s, with small movement in the FAS and FOB markets. Brazilian millers appeared in the FOB market for 11.5 percent protein wheat with LH March and April shipment from Upriver ports. With some demand present, sellers decided to show more attractive offers to execute business. Offers and bids ended about $5-6/MT apart with bids at $260/MT and offers at $265/MT for LH March and $583 versus $263/MT for April. These prices were some $3-5/MT below early-week values. Farmers have already sold 10.3 MMT of wheat, which is more than 60 percent of the total production and recent weeks have seen farmers slow their sales rate. Exporters have purchase...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.