THE OPEN July beans: 15 higher July meal: 3.50p higher July soyoil: 38 higher July corn: 22 higher July wheat: 21 higher The markets opened higher than expected with corn, wheat and beans posting new contract highs. Profit-taking was later noted for oilshare, as crude remains weaker due to increasing covid cases in India, perhaps stalling out demand. Unwinding of prev. buy energies/sell the US dollar prompts some bulls to book profits on oilshare. Grains move sharply higher over the soy complex as weather remains dry in Brazil which could lower Safrinha crop production potential, while US spring wheat crops are seeing adverse conditions as well. At 10:00 ex...
What You Need to Know Today: The U.S. and Iran reportedly agreed to pause hostilities to allow vessels to transit the Strait of Hormuz this week (theoretically, at least). There were some rumors of a possible Chinese blockade against Taiwan. Analysts are looking for the largest U.S. 1 June cor...
Proposition 12: The National Pork Producers Council (NPPC) has advocated for a fix to Proposition 12, the California animal welfare law, in the Senate farm bill. The House version of the farm bill included a fix, but the Senate bill, based on the discussion draft released by Chairman John Boozm...
Key Takeaways: Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded si...
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.