Minneapolis futures had an incredibly volatile week, but nothing really changed from a fundamental aspect other than the hard red spring wheat crop got smaller. There have also been comments that spring wheat will price itself out of flour blends.The short answer is we think so. Minneapolis futures had an incredibly volatile week. The September contract (shown below) traded as high as$8.68½ early in the week and as low as $7.55 after the mid-week holiday. Nothing really changed from a fundamental aspect other than the hard red spring wheat crop got smaller. There has still been no rain across the western two-thirds of North Dakota, South Dakota and eastern Montana, and temperatures have been in the mid-90s to over 100°F. The entire hard red...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Inflation is back in the driver’s seat, and agriculture is getting pulled in two directions. A stronger dollar is pressuring grains despite fresh Chinese buying, while renewed Middle East attacks lift crude oil. Higher energy prices can support commodities, but they also raise expenses an...
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.