More corn in the domestic market and a weaker Argentine peso helped send local prices lower by AR200/MT ($10/MT), which is good news for certain exporters. Some buyers are not bidding on these stocks, though, for different reasons. Soybeans Brazil A stronger real drove Brazil’s old crop soybean market to an interesting rally last week. The Brazilian currency moved from 3.30 to 3.11 before heading back to 3.13-3.14. Since the country’s farmers had sold a decent volume of old crop soybeans some weeks ago, their selling disappeared last week due to the weaker currency and strong CBOT. Having already sold around 68 percent of that harvest, they are now concentrated on selling corn since it is a huge crop and storage space is limited.Accordin...
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.