The Market The soy complex spent the early part of this trading week adding value, and the latter part shedding it. Bearish was an increase in the forecast for Argentine production. Brazil’s harvest is still uncertain. The drop in both Brazilian basis and U.S. RIN values were ominously bearish. U.S. soybeans are priced the equivalent of $1.70/bushel over Brazil and as a result, export sales are underwhelming. For the week, March soybeans closed out at 1209.25/bushel, a loss of 4 cents of 0.33 percent. That is a shallower loss than the week before. March soymeal lost $7.60 or 2.1 percent to end at 348.9/ST. March soyoil looked like it would similarly close out in the hole but a late rally pegged its value at 46.93/pound. That is an in...
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.