While the May USDA WASDE numbers projected another season of record or near-record yields and production, there are implications for the margin of error between adequate and plentiful supplies of feed grains and oilseeds if those big yields do not materialize.This month’s USDA reports, released 10 May, triggered a massive rally in the soy complex that dragged corn and wheat along for the ride. Smaller-than-expected world and U.S. ending supplies for soybeans drove this latest move higher. Corn ending supplies were also slightly smaller than expected. Following are a few key points covered by Bob Kohlmeyer and John Baize on the day the report was issued that are important enough to highlight again:The chart below shows world corn production...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.