Grain and soy prices moved higher across the board overnight as several developments caught traders' attention. Their reactions were tempered, however, by weather projections. Both the higher prices and trader caution then carried over to the day session. General Comments Midwest soil moisture fell last week as evaporation loss from the prevailing heat was not replaced by precipitation. This along with the sharp decline in weekly spring wheat conditions caught traders’ attention as the overnight session got underway last evening. With MGEX HRS futures leading the way, grain and soy prices moved higher across the board. Current Midwestern soil moisture is at the lowest level for this point in June since 2012, and traders recall very well w...
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.