GOOD MORNING, Good weather continues to show us the bottom of recent trading ranges while fresh demand keeps prices on the up and up. China continues to buy hard breaks in the bean market in an effort to fulfill its Phase One deal commitment by end of the year. It also helps that US beans are a good value right now. This week there was talk that China was purchasing additional bean cargoes from both the PNW as well the Gulf for the fall. Other major trends include firmer oilshare as palm oil charts race to the upside, while NOPA crush oil stocks tightened. World vegoil values are also supported by a recovery in biodiesel demand. Wheat, corn, and beans remained su...
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...
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.