Informa released its initial U.S. planting ideas for the 2018 season, which indicate it is expecting more corn acres and fewer soybean acres. It’s tough to argue with that even though corn prices are rumbling along or setting new contract lows almost daily. The 2017 corn yield came out of nowhere to set another record. It’s still difficult, if not impossible, to break even at current prices despite record yields, but corn is the only crop that at least provides the opportunity to make a few dollars IF the yields continue to be so good. The ultimate deciding factor between corn and soybean acres will come down to the price relationship between the two commodities when planters start to roll next spring. If the La Nina continues...
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.