General Comments Today's price action was all about the contents of USDA's WASDE report, and it was made evident that large speculative traders were ready and willing to send corn, wheat and soybean prices into predefined directions. Soybeans rocketed up almost 40 cents even though USDA's soybean yield estimate of 41.2 bushels per acre was no different than the average of the analysts' estimates. USDA's corn yield estimate of 155.3 bushels per acre was above the market average estimate of 153.9. There was some initial aggressive selling, but that lacked conviction, and before long a 15 cent sell-off had dwindled down to 6 cents. USDA forecasts slight increases in both U.S. and world wheat production, but the market did not ca...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.