World Perspectives

Common Thread: Prices Make Grain

There is an old cliché to the effect that "rain makes grain." The truth of this cannot be disputed. Adequate and timely rainfall is essential to the development of any field crop. Temperature patterns are very important as well, but crops can be grown under a variety of temperature circumstances as long as there are adequate and timely rains. However, we argue that there is another factor necessary to crop production that is even more important than rainfall: land. It goes without saying that the amount of land planted to any field crop is key to final production totals. Rain does not determine the amount of land on which farmers may intend to plant crops. Weeks of excessive rainfall may force farmers to reduce the amount of land they eve...

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Summary of Futures

May 26 Corn closed at $4.4725/bushel, down $0.0175 from yesterday's close.  May 26 Wheat closed at $5.8025/bushel, down $0.1775 from yesterday's close.  May 26 Soybeans closed at $11.62/bushel, up $0.0375 from yesterday's close.  May 26 Soymeal closed at $314.1/short ton, up $2.3...

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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.

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