The U.S. government did partially shut down at midnight (EST) Friday night, but Congress then reached an agreement today to extend government funding through 8 February. This Washington problem didn’t have any apparent impact on the markets today despite the closure of most government offices. USDA did release the weekly export inspections data (see chart below). Corn and soybean loadouts were better than expected, and wheat shipments were also good. Grain and oilseeds markets traded higher overnight, led again by soybeans and soymeal. Overnight volume was good. Some areas in the far northern part of Argentina had very heavy rains that caused some flooding. However, there wasn’t much over the rest of the country, and the foreca...
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.