GOOD MORNING, Prices are mostly lower this morning as the markets rallied high enough to draw some profit-taking from the bull as the week draws to a close. Funds who are short may adopt a wait and see attitude, particularly as far as the Chinese shopping list goes. As corn and beans neared new highs for recent ranges there were more reports of hedging interest and cash sales in beans over the last several weeks. Beans have been gaining on corn, as they are apt to do in the month of December, but today the spread has turned a bit as profit-taking in beans sends prices lower. The new bean/corn ratio hit new highs at 2.42, a situation that typically reverses as the calendar turns over from Dec 19 to...
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.