Grain and soy futures prices were choppy and mixed overnight with corn and soybeans lower and wheat slightly higher in quiet trade. However, the day session turned into another “Turnaround Tuesday.” General Comments The ICE U.S. Dollar Index is higher for the seventh trading day in a row, while treasury bonds recovered slightly but not by enough to compensate for their swoon since the election. Expectations of loser fiscal policies and more economic stimulus under a Trump administration that promises to cut taxes and boost the U.S. economy has pumped up the U.S. dollar, which was already firm on expectations of a Fed interest rate hike at its December meeting. Today’s report of improved U.S. consumer spending and rising retail sales have...
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.