Argentine farm organizations yesterday asked soy exporters to stop inspecting cargoes for bootleg biotech soybean events. The exporting firms have been doing so on behalf of Monsanto, but farmers insist that there is only one entity that should be conducting inspections. NOPA's Record March Soybean Crush Volume Yesterday's National Oilseed Processors Association (NOPA) March soybean crush report was a bit of a surprise to the market at 162.822 million bushels. This was a record for that month and the fourth-highest for any month in history. It was 5.8 percent greater than the volume crushed in March 2014. Seven analysts surveyed by Reuters had an average estimate of 155.261 million bushels with the highest at 159.5 million bushels. Obviou...
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...
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.