GOOD MORNING, Prices are higher across the board today with more positive vibes as regards trade negotiations. Funds are short and markets remain in the upper end of trading ranges as we near the end of the month. China's Commerce Ministry acknowledged that they are in continuing discussions about upcoming Oct. trades talks with the US, and an analyst at Shanghai JC Intelligence reported in an interview to Reuters that around 6.0 mmt of beans would be purchased by China before those talks resumed. A Ministry of Commerce spokesman, Gao Feng, reported that Chinese buyers "have completed deals to buy soybeans and pork of considerable scale." Spread trade continues, with corn and wheat switching back and forth o...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
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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.