Corn Corn basis in Argentina continued to drop during the last week. Shipments for 15 July, August and September are offered at -15 CU, a 45-cent discount since our last report. Despite this downgrade, there is no demand at those levels because buyers believe premiums will continue to decrease. Meanwhile, the Argentine government announced a 3 MMT export quota for quote, which has added more pressure on the selling side for July/August and September positions.Brazilian corn premiums are also weaker by about 40 cents since our last report, with August and September shipments buyable below -20 CU and October to December sellers below -17 CZ. There is a lot of corn in Brazilian ports. Consequently, all trading houses are willing to sell and...
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.