The CBOT opened lower, as called, but found some late-day strength, led largely by cash buying interest in soymeal futures. Soymeal futures have been weakening technically for two weeks now and this week saw a pronounced breakdown in the charts with May futures crossing below major support levels. That, in turn, sparked buying interest in the cash market that helped the market firm. The soymeal rally spilled over into soybeans and helped that market firm heading into the close as well. Corn was weak in early trade, but uncertainty regarding the Brazilian crop combined with bull corn/soybean spreads helped pull the market to a fractionally higher close. Funds are thought to have sold some 6,000 contracts of corn,15,000 contracts of so...
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.