GOOD MORNING, The markets have ratcheted trading ranges higher on the back of the US/China trade negotiations and the promise of more business. Bean business has actually been transacted this week, and export sales were confirmed this morning. As to trade talk, skepticism is growing as the deal is not signed and traders are wondering how China will live up to their end of the bargain. There was an article in the Wall Street Journal suggesting that China may not need $40 bln dollars’ worth of US farm goods annually over the next 2 years, which includes a possible $2 bln pork, 1 bln DDG, 1 bln ethanol, and $2 bln corn. In the meantime, funds are net short corn, beans, and meal while long wheat and soyoil,...
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...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.