Regardless of what has caused or created this recent market rally, it has brought an enormous Christmas present to farmers and agricultural bankers in the form of much higher prices than expected just 30-40 days ago ahead of planting.It has been a phenomenal two months in the soy complex. November soybean futures have rallied more than $1.50/bushel ($55/MT) since 1 March. This has occurred in the face of U.S. ending supplies doubling, forecasts of record crops in Brazil and Argentina, record-large world soybean supplies, etc. It has been a rally that left fundamental analysts stunned and searching for reasons to explain to their clientele how this can happen. At the same time, the market has set open interest and volume records. It is even...
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.