GOOD MORNING, Overnight highlights included a rallying corn market and new contract highs in canola futures. Dec. corn trades to new contract highs as funds are long, domestic basis is strong (South Dakota basis has rallied 27c in the past month), and weather in the US is too cold, which may be reflected in the crop progress numbers out tonight. Increased ethanol demand due to a return to normalcy, and demand from China continue to support pullbacks, even as corn fights for acreage for this season. There was talk in Washington of reopening CRP enrollment. While Brazil received some rainfall over the Safrinha corn crop, concerns are still around that it is not enough. Beans are higher as processors conti...
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...
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.