Palm oil futures prices rose today to a two-year high as a result of increased exports and expectations that production will decline because of reduced rainfall associated with El Nino. Meanwhile, tightening palm oil supplies are having a positive impact elsewhere. U.S. DDGS Exports to China Continue to Decline China’s DDGS imports fell to 180,337 MT last month, 38 percent below January and the lowest level since February 2015. The reason for the decrease is the ongoing Chinese anti-dumping investigation to determine if U.S. DDGS exports are being sold below market prices. China is by far the world’s largest DDGS importer.Buyers in China are reluctant to import U.S. DDGS because they run the risk of having anti-dumping duties collected re...
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.