CBOT markets were mixed today with the soy complex firming and corn falling to moving-average support. Wheat was mixed with HRW continuing to move lower and SRW benefiting from corn/wheat spread trade. HRS wheat was higher as plenty of risk still remains for that crop. Biofuels markets got a boost today from an apparently successfully Trump-led effort to renegotiate the Renewable Fuels Standard. Under the agreement, the EPA and USDA will propose and seek public comment on expanding the biofuel requirement beginning in 2020. Specifically, EPA will seek comment on expanding the requirement so that 15 billion gallons of conventional ethanol will be blended into the nation’s fuel support starting in 2020.The EPA will also start a rulemak...
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: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
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.