It started out as a risk-off day across the board but then there were some acquisitive moves as time progressed. Things turned positive for grains but not for most of the soybean complex; things turned positive for lean hogs but stayed negative for live cattle; and the S&P 500 turned positive even as the Dow stayed in the red. Overall, the futures market has flipped. It was once buying soybeans while selling corn. Then it was buying wheat but still dumping corn. The funds are still short 130,000 corn contracts but are having to adjust to a market that has now become buy corn while selling wheat and soybeans. The market also appears to be focused on wait and weight – wait for the weighty purchasing impact of China based on...
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.