Wheat futures prices, led by KC HRW, responded to pessimistic reports from the Plains HRW crop tour and little sign of drought relief in the offing. General Comments Many buyers of unpriced purchases based on May futures were required to complete the pricing of those contracts prior to the first day for delivery intentions, which was today. Their buying of May soybean, soymeal and corn contracts firmed spot futures prices Monday and Tuesday. However, with that buying pressure mostly satisfied, it proved harder to sustain spot prices today. May soybeans still closed higher as shorts scrambled, driving the May/July soybean inverse 11 cents wider to about 18 cents at today's close. However, without the same level of support for May corn, the...
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.