The latent bullish trends that the soybean and corn markets were working to establish got blown apart today, and the technical momentum is now pointed down. January soybeans and December corn have been struggling to break through technical upside resistance levels for more than a week, and they just could not get it done. General Comments The overnight session saw grain and soy prices weaken slightly following yesterday’s late selling that took the market off its highs. Selling of the soy complex and corn accelerated during the day session. By the close, the complex had taken substantial losses with soybeans off 18 cents or more nearby, meal down $6.60 and soyoil lower by 32 points. December corn finished down 5.75 cents. Winter wheat con...
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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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.