Soybean futures continued to slump lower in the aftermath of USDA's estimate of 84.8 million soybean acres, visions of a 3.8 or 3.9 billion bushel soybean crop and nightmares about a plus 400 million bushel 2014/15 carryout. General Comments CME grain and soy futures will close at 1:00 PM (EDT) on Thursday for the 4th of July holiday and will not reopen until 9:30 AM (EDT) Monday morning, 7 July.The very bearish acreage and stocks reports continue to reverberate across the grain and soy markets. There was a brief rally effort overnight, but it did not survive long. The prospects for very large U.S. soybean and corn crops along with generally good crops expected throughout the rest of the Northern Hemisphere have driven away any serious bu...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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.