It seemed to be a “get me out” market in the soy complex today as long liquidation dominated trade. Getting out involved outright selling of long positions and unwinding inter-market spreads for which soybeans were the long leg. General Comments It was a down-and-dirty Tuesday for grain and soy futures markets, especially for the speculative longs. USDA raised the soybean crop’s good/excellent ratings 2 percent to 59 percent yesterday afternoon, a mildly bearish surprise. To this was added a greatly improved weather outlook that calls for expanded precipitation and coverage for the central U.S. during the next 10 days along with mild temperatures. This is exactly the weather that is greatly needed for the struggling soybean crop with 48 p...
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.