Chinese corn reserves were built up over many years as a result of government efforts to support domestic corn prices. It is now attempting various approaches to address those burdensome supplies, but there may be one in particular that is more effective.The Chinese government recently announced plans to double domestic biofuel production by 2020. Aside from lowering its dependence on imported oil, the effort is no doubt also intended to boost demand for corn since most of any increase would be in the form of ethanol. If China does meet its biofuel goal via that route, this would likely absorb an additional 3.25 MMT of corn per year. From China’s perspective, any growth in domestic corn demand is very desirable. However, doubling biofuel pr...
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.