GOOD MORNING, The markets are lower as funds continue to liquidate length on continuing rainfall events over the US. July open interest liquidation adds pressure as well. Funds are now using rallies to work out of bullish positions. While there is talk of drier and warmer July weather, particularly in the Northwest, funds are trading the here and now. Corn rallies are small, while prices slowly work lower, breaking key support lines. Other global markets are competitive now. Ukraine's corn market remains unchanged as buyers refuse to increase their bid levels higher, while others are looking at more competitive Argentine corn. The major feature of trade continues to be strength for Jul...
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.