Traders returned from the holiday weekend with renewed enthusiasm for selling wheat, buying soybeans, and not doing anything with corn. The livestock complex is higher with lean hog futures leading the way on strong buying activity. Live cattle futures were slightly higher as traders waited for cash market developments. It’s Turnaround Tuesday in markets outside CBOT/CME ag commodities. The Dow and S&P 500 indexes are now in the red after early day gains. The S&P 500 hit a new high today at 2,807 before heading south. The CBOE VIX index is above 11 percent for the first time this year, last quoted at 11.88. Crude oil futures are lower with WTI down $0.44/barrel and Brent off $0.95/barrel. COMEX gold is returning to its...
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.