GOOD MORNING, Prices are mostly higher heading into the April WASDE report to be released at 11:00 Am Chicago time. Expectations include reduced world production numbers from Argentina and Brazil, along with slightly higher US 2019/20 ending stocks. Question for now is how much negativity is factored into prices at current lows. Corn continues to find modest bumps higher on light short-covering activity, though yesterday's sharp cut of 20% to ethanol production was top end of trade estimates, and then some. Wheat toggles back and forth in a tight trading range, but the restrictions around the world are supportive overall. As planting time arrives, the trade between corn and beans flip-flops back and for...
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.