Reminder: the CBOT and CME markets will be closed Sunday night, 1 September and during the day on Monday, 2 September in observance of the U.S. Labor Day holiday. The markets will resume trading at 7 PM CDT Monday. The CBOT was mixed today as heavy wheat deliveries and liquidation ahead of a three-day weekend kept wheat on the defensive and capped any corn rallies. Trading volume was low and slow ahead of the weekend with spread trading and position adjusting based on the weekend weather forecasts. The weekend weather will largely determine next week’s market direction. Brokers suggest funds bought ~4,000 contracts of corn and soybeans while selling 4,500 contracts of wheat. The CFTC report found (through Tuesday)...
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.