The corn market is signaling technical weakness, and we wonder how long discretionary fund longs will be willing to hang on. They need a weather problem to bail them out, and there is no sign that one is forthcoming. General Comments It was a deeply red day for grain and soy markets after the long holiday weekend. The downward trend began immediately when the overnight session opened Monday evening, and it never let up through the close of the day session. Good weekend planting weather in the U.S., weakening values around the world and rumors of more Chinese cancellations of Brazilian soybean purchases all served to press prices lower. Wheat and corn prices set new lows for this downward move. We are not sure that this is much to brag abo...
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.