The corn market in the Black Sea is extremely firm due to the CBOT futures rally and slow pace of farmer selling. Corn is now at an approximate $10-15 premium to feed wheat for October onward, and such a spread is driving buyers/consumers to switch their demand. Milling Wheat The Black Sea market is slightly weaker for June (old crop) due to the approaching harvest. However, it is firmer for August/September because of the sudden increase in buying interests that was prompted by the strong rally on the futures markets. The crops in Russia and Ukraine are developing in good condition. Although the recent excessive rains in south Russia may have affected the quality, any evidence of that will not be known before the harvest begins. Russia’s...
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.