The big crop was made bigger by USDA’s latest report. The U.S. soybean yield is now the highest on record in the world. Argentina’s soybean crop forecast was reduced by the Rosario Grains Exchange and British rapeseed plantings will fall due to pest control issues. USDA Boosts U.S. Soy Yields, Production and Ending Stocks. As expected, USDA raised its estimate for the average soybean yield in the U.S. by 1.1 bushels per acre to 52.5 bushels per acre (3.531 MT/hectare) yesterday. That not only is a record high for the U.S. but a record high for every country in the world.USDA now estimates U.S. 2016 soybean production totaled 4.36 billion bushels (118.69 MMT), which is 11.83 MMT (435 million bushels) greater than last year’s record output...
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.