Overnight trading was a mixed and low volume affair. The grains were slightly higher, and soybeans were just below Monday’s close. None of the lead contracts were able to muster as much as 10,000 contracts of trading volume. The day session began with a modest rally effort, but that did not last long. Thereafter, markets drifted indecisively on both sides of Monday’s closes. The most exciting closes were for May, July and August soybeans, all of which finished 1.75 cents lower. MGEX May wheat closed up 4.5 cents under the influence of flooding and standing water across the Dakotas and Minnesota, which still have a considerable amount of snow left to melt. The lack of price movement across the board reflects the absence of fresh...
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.