THE OPEN Nov beans: 1 higher Dec meal: .30 higher Dec soyoil: 12 higher Dec corn: 3/4 lower Dec wheat: 1 1/2 lower The markets were mixed at midday, with corn and soyoil prices breaking lower after the release of the biofuels announcement from the USDA. The US EPA proposed expanding the biofuel blending mandate from 2020, seeing to ensure more than 15 bln gallons of ethanol would be blended for next year, and accounting for small refiner waiver relief. Oilshare was all over the place as soyoil prices rallied to key resistance before the announcement, and then broke to lower support levels. At 11:00, Reuters reported the following from IEG Vantage (formerly Sparks) in front of the USDA...
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...
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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.