The overnight session was relatively quiet with barely average trading volumes and prices that were mixed but without much change. Then today it was the surging wheat market that blew wind in the corn market’s sails along with forecasts for still dry but warmer weather to follow into mid-June. General Comments The overnight session was relatively quiet with barely average trading volumes and prices that were mixed but without much change. Soybeans and Chicago wheat were a few pennies higher. Meanwhile, corn was fractionally lower, a mild response to the 3 percent increase in the amount of corn rated good/excellent in USDA’s weekly crop condition report of late yesterday afternoon. USDA will not begin its weekly soybean crop ratings until...
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.