The CBOT was called to open mostly lower (except wheat, which was called higher) with the advancing South American soybean harvests and ongoing biofuels demand destruction in the U.S. working against futures. The markets opened as called and generally traded a quiet day, with corn posting a new contract low and soybeans and wheat finding some support. With corn futures hitting new lows and entering deeply technically oversold territory, there are many beginning to wonder if a corrective bound is overdue. Support is certainly likely to be uncovered near the $3/bushel mark for May corn and $3.25 for December. The long-term outlook for corn (and to a lesser extent soybeans) is bearish but oversold markets often need a correction to cool...
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.