After reaching new rally highs overnight, the soybean and soymeal markets faltered soon after the day session opened. Meanwhile, good reports from the first day of the Kansas wheat crop tour and the U.S. dollar’s reversal higher were enough to restore fund managers’ faith in being short wheat futures. General Comments It is a given that when speculative funds buy and go long commodities futures, they will sell them sooner or later. Today proved to be “sooner or later.” Fund selling pummeled the corn and soy complex markets during the day session as well as wheat markets where they appeared to be re-establishing at least some of the short that they recently bought in. The overnight session provided no clue about what was to happen later du...
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.