GOOD MORNING, Prices are lower across the board this morning. The corn market had its best close since November, finally clearing multiple tops to post new highs on short-covering. Funds purchased an estimated 15K corn contracts yesterday but are still 120K short in the futures/options combined category. Rumors of corn business and the fact that it remains highly competitive over the next 6-8 weeks continues to put a positive spin to price. Cash was steady with spreads continuing to firm. July/Dec corn traded to even overnight. Beans cycle lower with China purchasing a total of 9.8 mmt of US beans this marketing year to date, with unknown for another 3.9 mmt. The Chinese gov. has yet to announce a...
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.