Today was the third day of corn contracts slowly working higher in narrow daily trading ranges as positions are adjusted, and the December contract still does not appear expensive with today's close at $3.69/bushel. General Comments The composite of corn, soy complex and wheat started off at higher levels, but the latter two drifted lower as the day progressed. Such movement within narrow trading ranges implied that trading positions are being adjusted in case of potential volatility once USDA's global estimates are updated this Friday. The prospect of a large U.S. soybean crop being followed by a big South American crop may make some U.S. crushers nervous about present price levels of oil and meal. However, such concern may be premature...
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...
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.