Today’s grain and soy markets could be described as in the holiday doldrums, but they have been in that state since long before the season’s approach. Overnight trade was slow, producing limited volume and mixed results. Markets traded on both sides, but prices were never far from yesterday’s closes. Soybeans and wheat were down a penny or so, and corn was up slightly at the recess. During the day session, the latter again traded both sides - when it traded. Corn prices are at the low end of the long-time trading range with no sign of going anywhere, but they at least managed to close in the green by a half-cent or so after a 2-cent trading range. Soybean futures were pressed by funds apparently giving up on their long po...
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.