After reaching new rally highs overnight, the soybean and soymeal markets faltered soon after the day session opened. Meanwhile, good reports from the first day of the Kansas wheat crop tour and the U.S. dollar’s reversal higher were enough to restore fund managers’ faith in being short wheat futures. General Comments It is a given that when speculative funds buy and go long commodities futures, they will sell them sooner or later. Today proved to be “sooner or later.” Fund selling pummeled the corn and soy complex markets during the day session as well as wheat markets where they appeared to be re-establishing at least some of the short that they recently bought in. The overnight session provided no clue about what was to happen later du...
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...
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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.