The nearby contracts for soybeans, meal, and soyoil all appear poised to challenge their respective 10-day moving averages. The charts for each look as though a slight nudge is all it would take to generate some additional upside technical buying actions. General Comments Many traders share a desire to see corn and the soy complex rally on a notion that limited moisture and recent heat are reducing yield potential by causing crops to mature more quickly than normal. There are circulating rumors of disappointing corn yields in the U.S. Delta region, but the conclusion that such a decline is reflective of the total U.S. crop is not supported by the crop conditions. Instead, the USDA weekly Crop Progress report released this afternoon showed...
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: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
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...
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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.