Big New Crop Soybean Sale Indicative of Buyer Concerns about U.S. Crop Yesterday USDA reported that an exporter last Friday or over the weekend made a sale of 1.19 MMT of soybeans to an unknown destination for shipment in the 2012/13 marketing year. The sale was the fifth largest one-day soybean sale in history and has an approximate value of about $640 million. Most likely the buyer was a Chinese crusher since China is about the only country with a buyer capable of making and handling such a large purchase.That a buyer would buy so many soybeans at once this time of the year is an indication of just how worried foreign soybean buyers are becoming about the size of the U.S. crop in 2012. Most large foreign buyers undoubtedly have been mo...
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.