The 2017 spring wheat tour was held this week with the results released yesterday, but it overlooked two key elements.The 2017 spring wheat tour was held this week with the results released yesterday. It estimated the average yield at 38.1 bushels/acre, a drop from last year’s 45.7 bushels/acre as well as the five-year tour average of 46.8 bushels/acre and the smallest spring wheat yield estimate since 2008.The problem with the tour this year is that it basically missed the critically drought-impacted areas of central and western South Dakota, western North Dakota and Montana. It also didn’t attempt to guess how many acres will potentially be abandoned. Not only will those be abnormally high in the dry areas, yields on the acres that have b...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.