As expected, markets were all basically unchanged overnight in light trading volume ahead of today’s series of major USDA reports. That calm tone then changed immediately upon their release (see separate analysis for details). No need to look at the reports anymore as the market’s swift reaction tells the story. Soybeans soared higher, wheat crashed lower, and corn was stuck in the middle, which is pretty much how the day finished. In the meantime, most eyes continued to watch the U.S. equities markets push sharply higher again today and (of course) into new contract highs. Reports say this is the strongest sustained rally in more than a dozen years. Crude oil was also strong again for the fourth consecutive week, trading above...
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.