This summary is for the period July 23-29, 2021. Wheat: Net sales of 308,300 metric tons (MT) for 2021/2022 were down 40 percent from the previous week and 28 percent from the prior 4-week average. Corn: Net sales of 68,200 MT for 2020/2021 were down noticeably from the previous week, but up noticeably from the prior 4-week average. Soybeans: Net sales of 11,400 MT for 2020/2021 were down noticeably from the previous week and down 33 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 135,400 MT for 2020/2021 were up 55 percent from the previous week and 24 percent from the prior 4-week average. Soybean Oil: Net sales of 3,200 MT for 2020/2021 were up 48 percent from the...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
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.