The Market Due to the strong yesterday from USDA’s October WASDE report, November soybeans ended the trading week up 14.25 cents. It traded intrasession just a fraction away from the psychological $13 level but it seems stuck just below that for a while to come. Export sales are below USDA’s forecasted pace but ahead of last year due to strong Chinese demand. December soybean meal surged $15.80 yesterday, in part due to a 100 KMT sale that was announced today. Strong meal sales enabled the contract to gain $17.90 on the week and close it out at $390/ST. It traded today at $399 but it is challenged to break its psychological $400 level. By contrast, December soyoil lost about a penny this week and continues to struggle. ...
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...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
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...
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.