Grain prices continued to drop overall (with the exception of milling wheat) at both the Russian and Ukrainian grain markets due to the strengthening local currencies. In Ukraine, lower export offer prices and larger offer were also factors in some instances. Russian Grain Markets Planting Update Spring crops were planted on 614,000 hectares (1.2 percent of the target) as of 14 March 2016. Market Trends: 7-11 March 2016 During the week in review, grain prices (except for milling wheat) continued to drop in RUB expression at the Russian market, although they mainly grew in USD expression due to strengthening of the ruble. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Central (-$0.20/MT), Ural and Black Soil (-$0.60/M...
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.