The wheat market in Romania and Bulgaria is extremely quiet. No trades have been reported in recent weeks except for one Moroccan tender as farmers are unwilling to sell at current prices. Having started the winter wheat planting, tthey are also very concerned about another factor. Milling Wheat The Black Sea market is stable to slightly firmer. Egypt has finally ended its zero ergot tolerance standard and resumed buying Russian wheat. Meanwhile, India has lowered its import tax on wheat from 25 percent to 10 percent, and the trade consensus is that a minimum of 2 MMT of Russian/Ukrainian stocks will be sold to that country.The Russian crop is estimated at 70-72 MMT versus 61 MMT last year, but there are significant quality concerns. 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...
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.