General Comments Overnight trade saw generally lower prices led by the soy complex amid moderate volume. It was Turnaround Tuesday but in a mild form. Without anything new to spur buying interest, some profit-taking was seen in the soy complex. This same pattern was seen during the day session as well. Funds bought the grains but sold the complex. Cash market strength continued to provide underlying support for futures prices.In general there was little by way of fresh input for markets to trade on. Corn futures prices ended higher in response to firm cash basis bids, wheat prices responded to corn and soybean prices responded to the lack of any new export sales reports for U.S. soybeans. The market has also come to realize that although...
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.