Soybeans added almost 59 cents/bushel this week and closed back above $17/bushel indicating demand remains strong even as carryover is predicted to rise. Soyoil gained 1.4 cents today to close at 80.95 cents/pound despite Indonesia reopening palm oil sales on Monday. Jakarta was pressured by demands from farmers and workers but will retain a domestic quota for output. There has also been an uptick in Ukraine’s sunflower seed and oil exports with 20,882 MT of sunoil exported last week and 61,932 MT month to date. However, that is still 10 percent lower than a year ago. China’s vegetable oil consumption fell statistically, with China’s National Grain and Oils Information Center (CNGOIC) saying the drop was due to COVI...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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.