Good Morning, Overnight prices featured a technical rebound in the soy complex while grains were slightly firmer. Prices should begin to find support at recent ranges as the July WASDE will be released next Monday and will apply the latest acreage and stocks data. Fund positions show managed money dialing back length, with funds ending last week 6/29 long 245K corn, even to slightly long wheat, long 76K beans, net long 15K meal, and net long 48K soyoil. With selling on Tuesday, these positions should look even smaller. Corn has the largest losses because it has the most length. For trends to turn, funds have to begin a liquidation phase on a fundamental outlook, which was certainly not the...
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...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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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.