GOOD MORNING, Prices are generally lower this morning on neutral crop progress conditions and chart back-filling from recent highs. Oilshare continues to soften as traders buy meal/sell soyoil on better meal demand. Chinese meal prices closed higher as well as they continue to follow US strength. China's recovering swine and poultry sector suggests that meal demand could continue to rise for the balance of the year. For now, Chinese ports are saturated with recent purchases while crush is running ahead of last year's numbers. Brazil's depreciating currency resulted in farmers selling a record amount of beans to China in the first months of 2020. WEATHER - The 6/10 day outlook calls for isolated showers over...
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.