General Comments Grain prices were lower overnight led by double-digit losses in soybeans at one point. Trading volume was very light overnight and didn't increase much during the day today. Soybeans traded as much as 30 cents higher near the close yesterday, but there was no buying momentum left by the time the markets opened again at 5 p.m. yesterday. Outside markets, however, were supportive with crude oil higher and the dollar lower. Financial markets were higher on some optimism that the issues in Cyprus will be resolved (that means pushed to the background, not solved).There was very little export news. There has been talk all week about China swapping soybean cargoes from Brazil to the U.S., but USDA did not confirm any additional...
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.