Origination has become very expensive for soybean exporters in Argentina. The FAS market keeps climbing as farmers are not eager to sell aggressively. In the local market, soybeans are worth $290/MT versus less than $270/MT a month ago. FOB replacement remains around +70 SN even after the CBOT rally of recent days. Soybeans Brazil is starting to move on some positions, while the U.S. is participating on those of August and September. Meanwhile, crush margins in China are still not very good. Nevertheless, the Chinese are beginning to assume that they still need to crush despite the lack of positive net margin. The current basis are clearly not good for them, but it is also evident that they need to continue operating their plants.While Ju...
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.