Soybeans Market Overview Soybean markets were not as active last week as they were two weeks ago. China secured additional cargoes of U.S. soybeans for October and November positions while also buying Brazilian vessels for the 2021 campaign. Brazil is out of the market for 2020 and, in fact, there were several “washouts” with Chinese crushers selling Brazilian soybeans and buying back from the U.S. While Brazil is worth 250X, the U.S. Gulf is trading around 220-225X. Moreover, the Chinese are willing to buy more U.S. soybeans to comply with the Phase One trade deal. Basically, Brazil is reducing the export program as it seems to have oversold its soybean crop. Brazilian crushers need to buy soybeans and farmers ar...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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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.