GOOD MORNING, Prices started the night with more losses as we head into the last week of July. The lack of demand and overall reductions in fund length continues to send prices into large sideways trading ranges. Open interest numbers continue to decline week on week for beans, corn, and wheat, which is negative for current prices as more traders opt out of long positions. Demand from China has been lagging, and more private estimates for a record corn yield add weight to a seasonal that proves negative for corn this time of year. Last year, China purchased about 58% of stated commitments, but covid-19 and trade disruptions this year may change that. As of May 1, the US was about 15% behind year ago.&nb...
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...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.