Grain and soy futures prices firmed in rather active overnight trade, and a similar pattern followed in the day session. Shrinking spring wheat production and low protein HRW are sending users on a hunt for supplies and elevating protein premiums. General Comments Grain and soy futures prices firmed in rather active overnight trade. The market was surprised that the weekly corn and soybean crop condition ratings did not improve given last week’s rains. Good/excellent corn stayed at 67 percent, while good/excellent soybeans dropped a point to 66 percent. That 1 percent decline was due in part to the 9 percent drop in South Dakota’s soybean ratings. The lack of improvement plus indications from weather models that the intense ridge of high...
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.