There is no question that U.S. corn and soybean exports will be greater than anticipated even a month ago in USDA’s May WASDE, largely because of some significant changes in underlying fundamentals. Corn and soybean futures markets have been on quite a roll over the past month or two. Most of the rallies have been attributed to significant fund buying. That has certainly been the case with funds now reportedly long over 200,000 contracts of soybean futures, 81,000 contracts of soymeal and over 70,000 contracts of corn. There have also been some significant changes in the underlying fundamentals of corn and soybeans. Argentina’s soybean crop was badly damaged by excessive April rains. Not only was actual production lost, but it is becoming m...
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.