The overnight session saw grain and soy futures prices trade lower following Monday’s technically disappointing trade. That weakness carried into the early stages of the day session when short covering and technical buying again reappeared to lift prices into the green. General Comments The overnight session saw grain and soy futures prices trade lower following Monday’s technically disappointing trade. Prices firmed during the first half of the day session on Monday in response to the huge noncommercial short positions shown in the U.S. Commodity Futures Trading Commission’s (CFTC’s) Commitments of Traders (COT) report the previous Friday (see today’s analysis). However, markets could not hold Friday’s highs and closed near session lows,...
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.