The action in overnight trade, such as it was, occurred in the soy complex in response to Asian markets. As seems to be something of a pattern these days, day session soybean prices move in the opposite direction from that of the preceding night session, and that was the case today. General Comments Overnight trading was quiet, price action was mixed and volume was thin. March corn managed to trade in a 1.75 cent range during the overnight session. The action, such as it was, occurred in the soy complex in response to Asian markets. Malaysian palm oil closed higher by 37 ringgits. Dalian soymeal also closed higher on word that the Chinese government temporarily shut down as many as eight soybean crushing plants for what were called enviro...
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.