General Comments Overnight trading opened with the grains and soy complex trying to rally after the recent liquidation shakeout, but a flood of new selling emerged from European funds and sent prices lower once again. CME March corn fell to an overnight low of $6.8775, the lowest level since 8 January before the anticipated bearish USDA reports that turned out to be bullish. The selling might have been more severe, but Asia and South America are still closed for holidays.Non-commercials have been holding long positions of varying size in corn and soy futures for many months. They have become tired longs, and their positions have become stale. It seems that all they can see now is the slow pace of corn and wheat sales, big South American...
Key Takeaways: Brazil confirmed a Newcastle disease outbreak at a commercial turkey farm in Santa Catarina on 18 October, raising concerns about potential disruptions to poultry exports despite the outbreak being confined to a single facility thus far. Mexico and Malaysia have imposed nationwi...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
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.