CBOT markets were sideways/slightly higher to end the week as trading interest remained limited. Corn and soybeans finished with modest gains while the soyoil market posted a strong rally. Wheat futures traded a mixed day and finished fractionally lower. Overall, it was a day filled with position adjusting ahead of a weekend expected to see weather favorable for U.S. crop development. The weekend forecast includes above-average temperatures for nearly all the U.S., except parts of the West. Precipitation will occur for the very dry Southwest and extend into the Central and Northern Plains. The Corn Belt will receive meaningful rainfall as well. The combination of warm temperatures and good precipitation bodes well for corn pollinatio...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
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.