Corn As WPI readers are well aware, corn prices/basis have risen around the world due to strong demand, most notably Chinese purchases, and tightening supplies. During the past few days, however, world demand has slowed and premiums are reversing their higher trend. For South American origins, premiums seem to have collapsed in the past few days. In Argentina, November/December corn was offered at 175Z a few weeks ago with bids at 165Z. This week offers are at 155Z with no bids in sight. For Brazil, December corn was offered at 200Z and it was hard to imagine a downside, but now offers stand at 185Z versus bids at 165Z. Despite the 20-cent reduction in offer-side premiums, it seems that prices in Argentina did not fall as muc...
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.