One need only look at today’s price action to determine that markets had very little to trade on other than a generally improving weather outlook into mid-June. General Comments USDA’s weekly export sales report is delayed until Friday due to the Memorial Day holiday.Grain and soy prices were steady to a bit firmer overnight, but trading volume fell off sharply from yesterday’s surge. The low volume of trade carried over into and throughout the day session, and price action was mixed and directionless. A bias toward lower prices across the board prevailed at the market’s close, although today’s losses were minor. Winter wheat finished mostly lower by fractions. Corn prices eased off about 1-2 cents at the close. Old crop soybeans dropped...
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.