General Comments When USDA reported that as of last Sunday 53 percent of the intended corn acreage had been planted, it provided a pretty clear signal to grain and soy market longs that cashing at least some of their gains would be a prudent move. So that is what they did. The selling began in the overnight e-session, and it continued during the day session, finally pressuring everything to lower closes. Everything except new crop soybeans, that is. They closed in robust fashion, comparatively speaking.Commercials report seeing a slight pickup in country marketing of nearby corn, but not enough to cool off the hot cash bids from exporters and ethanol producers. Even during down day the July/December corn inverse held above 90 cents.The p...
What You Need to Know Today: Cattle futures extended their sharp selloff Friday as weakening cash cattle prices, deteriorating feedlot profitability, and reduced packer demand continued to weigh on the market. The inability of futures to sustain a rally following last week's bullish Cattle on...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
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.