The CBOT was sharply higher with continued dry weather in the southern Plains pushing wheat higher while corn scored new contract highs on fund buying and strong technical trends. World vegoil markets rallied as well with palm oil pushing to fresh rally highs and CBOT soyoil notching new contract highs. The mood at the CBOT was decidedly bullish and sellers were few, resulting in choppy trade at times. For the day, funds are thought to have bought 16,000 contracts of corn, 12,000 contracts of soybeans, and 6,000 contracts of wheat. Funds were also net buyers of 5,000 contracts of soyoil and 3,500 contracts of soymeal. The weekly Export Inspections report was bearish corn, neutral wheat, and neutral/bullish soybeans. Corn inspections...
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.