With yesterday’s panic selling subsiding, the CBOT was left to trade its own fundamentals again, and that brought some support back to ag commodities. Corn posted a higher close, and was the only grain contract to do so, with strengthening export demand underpinning trade. Fund short-covering in corn was notable and helped keep the wheat market somewhat supported as well. The global weather continues to change (as its apt to do) with additional dryness growing across Argentina and parts of Center West Brazil in the next 10 days. With Brazil’s soybean crop being harvested, the dryness isn’t desirable but will likely have few impacts. The impact may be more severe in Argentina where parts of the corn crop are still po...
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.