While today's USDA December WASDE did not contain any significant changes to the bottom line of U.S. ending supplies, there were some adjustments to the world production estimates. Meanwhile, there have been a few other ongoing developments.USDA released its December WASDE (supply/demand) estimates earlier today. As expected, there were no significant changes to the bottom line of U.S. ending supplies. In fact, not a single number was altered in the U.S. wheat, corn or soybean supply/demand updates. USDA did increase the biodiesel demand in the soyoil table by 250 million pounds, which was the result of the new 2017 biofuels mandates announced a few weeks ago. It also reduced the soymeal export forecast by 200,000 MT. The U.S. ending supply...
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.