The CBOT rallied today on hints that the Trump administration may be planning policy action to boost biofuels demand. There was no time frame given in U.S. Agriculture Secretary Perdue’s statement, but with the Trump administration actively looking to help farmers, there are few traders willing to bet against such news. On the other hand, there are few reasons for traders to place bullish bets with no forecasts of an early frost or freeze. Overall, Secretary Perdue’s announcement was the most notable news item of the day, with other market chatter limited to weather/U.S. crop maturity delays. Outside markets were largely supportive today with the VIX falling 1 percent as investor confidence swung back to the positive side...
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...
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...
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.