It is hard to predict large Chinese cancellations of U.S. soybean purchases when the country is buying more than it is canceling. China Testing U.S. Soybean Cargoes for Unapproved Biotech Corn Event The word out of China is that the Guangdong provincial government is now testing cargoes of soybeans imported from the U.S. to determine if they contain traces of the unapproved Syngenta corn event MIR 162. Heretofore, the Chinese government has blocked imports of some cargoes of U.S. corn and DDGS because they were found to contain the unapproved Syngenta corn. Evidently, though, this is the first time cargoes of soybeans have been tested for the corn event. Three cargoes totaling about 180,000 MT have apparently been unloaded and are being t...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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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.