Markets were firm overnight and opened higher this morning. Brazil's real also finally rallied sharply higher, which impacted the market's view of U.S. soybeans. General Comments Markets were firm overnight and opened higher this morning. Soybean futures were leading the charge with double-digit gains following the news that China had pledged to buy 13.2 MMT of U.S. soybeans during the current marketing year. Some sort of announcement was expected, but these numbers were above expectations. Wheat and corn followed soybeans.World and U.S. financial markets were also very strong overnight and today, but the NASDAQ exchange turned lower. That did not affect the grain and oilseed markets. Federal Reserve Chairwoman Janet Yellen's comment tha...
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.