As the 2022 harvest approaches, farmers are already making plans for the 2023 crop with an outlook toward more potential volatility, especially on margins given the commodity markets and input prices. Many producers will look at hedging with supplemental margin protection crop insurance coverage (deadline to purchase is 30 September 2022); that coverage uses the mid-August to mid-September futures price for 2023 December corn ($5.97/bu) and 2023 November soybeans ($13.71/bu), and as they start to buy fall fertilizer. The good news is that nitrogen fertilizer prices have started to soften. The latest drop in nitrogen fertilizer prices followed the International Trade Commission (ITC) vote to end that investigation and decision not to impose...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
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.