In an otherwise dull market, today’s USDA/FAS export sales report was a pleasant surprise. For the week ending 14 December, the totals for wheat, corn and soybeans were unexpectedly large. Wheat sales of 29.3 million bushels were the largest of any week in the wheat crop year so far. Corn sales totaling 61.3 million bushels were the largest in weeks, and soybean sales were 64 million bushels. Reported export shipments were also larger than the prior week and substantially so in the case of wheat and corn. The sales volumes were significant enough that the gap between this year’s total export commitments and those for the same week a year ago narrowed slightly. In fact, wheat exports are now running a little ahead of what is need...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.