Overnight trading volumes were not impressive, and this pattern continued during the day session. Noncommercial support sent soybean futures prices up 12 cents at session highs before they fell back to close 7.75-8.75 cents higher. General Comments Financial markets were shaken by this morning’s horrific terrorist attacks in Brussels where dozens were killed and many more injured. As usually happens in such circumstances, there was a flow of money into so-called safe investments such as gold and the U.S. dollar. COMEX gold was up more than $16 at one point before retreating thereafter to finish up only about $4. The U.S. Dollar Index was up about 37 points. U.S. stocks were little changed.Overnight grain and soy trade saw prices trade hig...
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.