Wheat and soybean markets were strong overnight on very good volume. Weather in Argentina has become the market’s focus, and there were some scattered showers this past weekend. However, amounts and coverage were spotty. The six-10 day forecast looks hot and dry with temperatures possibly exceeding 100°F degrees. Brazil’s problem is too much rain that has delayed harvest in some areas. Funds did not reduce their short positions last week and reportedly started this week still short 83,000 contracts of soybeans, 126,000 contracts of Chicago wheat, and just over 200,000 contracts of corn. However, they have rapidly turned their soymeal position from short to long. All three markets are on the verge of pushing above key techni...
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.