THE OPEN Nov beans: 3 higher Dec meal: 1.30 higher Dec soyoil: 15 higher Dec corn: 1 lower Dec wheat: 4 lower Prices opened as called but oilshare quickly found more selling pressure as traders bot meal/sold soy oil. The markets continued to find fund selling at the open which took values into new trading range lows for beans, and back towards the bottoms for grains. Spreads were also weaker. The FOMC will kick off a two-day meeting starting today. Traders are eying interest rate direction. As outside markets lost upside steam, Ags did as well, guided by lower soyoil which was impacted by crude trading under $70/barrel again. Around the midday h...
Since the first U.S. case of New World Screwworm (NWS) was confirmed on 3 June, USDA has confirmed 12 cases. The latest was confirmed in a sheep on 12 June, with four additional cases confirmed in Texas on 11 June, three in cattle and one in a goat. The New Mexico case confirmed that the infect...
Key Takeaways: China has invested heavily in the Port of Chancay to strengthen trade links between South America and Asia. The port could reduce shipping times to China by up to two weeks and improve export competitiveness. Inland transportation infrastructure remains the primary obstacle to r...
Mediterranean/Middle East/North Africa/Africa – MEA Region Egypt Grain Situation Recap: Wheat stocks in Egypt are at good levels, with only limited import interest. However, there is some concern over the supply of wheat from the Black Sea later in the year due to current weather problem...
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.