Markets were mixed at the start of the last trading day for 2016. As of the close today, the soybean futures market was up almost $1.50/bushel for the year, which is incredible given the size of production in the Southern Hemisphere and U.S. General Comments Markets were mixed overnight and started the last day of trading for 2016 the same way. Soybeans were weaker, but corn and wheat were higher. As might be expected, volume was light.Managed money is estimated to end 2016 short 101,000 contracts of Chicago wheat futures and 97,000 contracts of corn. They are estimated to be long 99,000 contracts of soybeans, 15,000 lots of soymeal and 81,000 lots of soyoil.It is interesting to note that as of the close today, corn futures were down just...
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.