General Comments Futures markets were quietly mixed overnight ahead of this morning's USDA WASDE update. U.S. and Asian financial markets continued to gain ground with another all-time high set in the DOW today and a four-and-a-half year high in Japan. The dollar was very strong on more euro weakness.The USDA report was released at 11 a.m. CT and was viewed as bearish for soybeans and wheat and bullish for corn. Soybean ending supplies were left unchanged, as was Brazil's production estimate. Soybean prices quickly collapsed and traded down more than 20 cents at one point. Wheat followed soybeans, but corn rallied on a 100 million-bushel increase in the feed/residual use. Those losses in wheat and soybeans were not sustained and both ral...
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 €...
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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.