GOOD MORNING, Prices trend higher on dryness in SA and cold weather extremes in the US. When bull markets begin a break-out to the upside buying activity can be consistent and persistent as funds want to own strength for a leg up. So it goes with corn, which posts another new contract high in the overnight session, along with beans. Dec. corn posts a new contract high at $5.25 3/4, with November beans trade to new contract highs at $12.99 1/4. Adding more fundamental support is the lower forecast for corn production in Brazil by Rabobank, with 20/21 total corn to 105 mmt from 107 mmt prev. as dryness continues. Markit lowered the Safrinha crop to 79.45 mmt vs. 85 mt prev. Fundamentals...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
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.