Last Thursday's announcement regarding China's agreement to purchase 13.18 MMT of U.S. soybeans was well received by the market. More recent reports, though, suggest the deal's impact on 2015/16 demand may not be as expected. Soybean Sale to China for 2016/17 Shipment Takes Shine Off Deal Last Thursday's announcement regarding China's agreement to purchase 13.18 MMT of U.S. soybeans was well received by the market as a positive sign for U.S. soybean demand. On Friday, however, USDA announced a sale to China totaling only 26,000 MT for shipment in 2015/16. The assumption was that much larger sales for the year would be announced yesterday, but that did not occur. Instead, USDA reported the sale of 1 MMT to China for shipment in 2016/17.The...
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...
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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.