Argentina's soybeans showed some movement this week in the new crop market with one cargo traded at +43 SN for a 15 April position. Meanwhile, Brazil traded some beans for February, primarily CNF at 149-151 SH to China. Additionally, there was some movement on April/May. Soybeans Confirmation of the huge U.S. crop has definitely been bearish for the market. CBOT has been dropping gradually, and nothing could make it rebound. In addition, CBOT basis have been falling as well. Pressure from barges first forced basis lower, while the lack of demand drove elevation down. Chinese crushers have been taking beans but only at a slow pace. This enabled crush margins to improve at destination as Dalian futures were firm despite the weakness o...
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.