GOOD MORNING, Prices are mostly lower this morning after better than expected crop ratings were released. Wheat prices broke lower yesterday as this market enters into its extreme technical playbook. World values continue higher, though the Euro is fluctuating bringing with it some weaker values for Matif wheat, with the US as a follower. Traders are still looking for the rumored sale of SRW to China, but it is still lacking. Wheat opens higher, and seems to have a point of stabilization. Dec corn is lower, pushing through some recent trendline support at $3.33. One trip lower is usually good to hold, but repeated returns to support eventually erodes it. Higher ratings improve the chance for a tren...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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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.