GOOD MORNING, Prices this morning begin slightly lower for everything but soyoil on profit-taking and better than expected ratings for corn and beans. Oilshare is firmer after seeing a round of profit-taking last week. Traders are buying soyoil/sell meal this morning. Pro-Farmer feedback is that corn yields are not as large as current USDA estimates. Analysts are striving to figure out the impact of the derecho on corn and beans in Iowa. Corn ratings in Iowa fell 10% in the G/E category, while Illinois was 3% lower. Results include South Dakota corn yields at 179.2 bpa vs. 154.0 bpa year ago, and the average of 160.0 bps. Bean pod counts in SD are at 1,250.9 pods /sq ft, vs. 832.9 year ago. &...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.