General Comments The weekly Export Sales report mostly fell below market expectations, but not by enough to be much of a market factor. Export sales in the soy complex continue to garner attention, however. USDA reported old crop soybean sales of 386,000 MT and new crop sales of 867,000. Total old crop soybean export commitments (open sales plus shipments) have now reached about 1.226 billion bushels versus USDA's prediction of 1.345 billion bushels for the entire 2012/13 year. Only 120 million bushels of additional export commitments are needed to reach USDA's goal. There are 30 weeks left in the soybean crop year, and if our arithmetic is correct, export sales need to average only 109,000 MT (4.0 million bushels) per week to meet it. D...
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.