CBOT markets featured much of the same position-evening, range-bound pattern they have for most of this week. Wheat futures bounced off technical support and moved higher in what was the most interesting development for the day. There is little interest in adding to/subtracting from positions ahead of the January WASDE, and funds are thought to be net short 8-10,000 contracts of soybeans, short 20,000 contracts of soymeal, and 85-95,000 contracts of corn. The fund long position in soyoil is near 100,000 contracts, making that market vulnerable to corrections, while managed money also holds 20,000 contracts of a long wheat position (that is potentially growing). China noted this morning that it would be suspending its national ethanol...
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.