General Comments Overnight trade in grain and soy futures saw a reversal of recent trends. Wheat and corn incurred some selling by traders seeking to cash profits from the recent rally. Meanwhile, soybeans traded higher triggered by fears that buyers were trying to switch more nearby demand away from Brazilian loading delays to the U.S., with a further tightening of supplies the result.Although there were no daily sales announcements, and last week's old crop export sales amounted to only 107,800 MT, fears of further old crop demand and tightening supplies coalesced during the day session, pushing soybean and soy product prices still higher. May soybeans took out the 100-day moving average of $14.32. When the market rose above $14.40, it...
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.