As the volume of India's vegoil imports has continued to rise in recent years with palm oil the most in demand, another oil accounts for a substantial share of the growth. USDA Reduces Estimate of U.S. 2014 Soybean Crop As expected, USDA yesterday reduced its estimate of the U.S. 2014 soybean production. The change was based on its 1 September stocks report that indicated U.S. ending stocks of soybeans on that date totaled 191 million bushels, a bit below analysts’ average estimate of 205 million bushels. Because of the revision, USDA lowered its estimate for the 2014 crop from 3.969 billion bushels to 3.927 billion. It also reduced its estimate of the average soybean yield by 0.3 bushels/acre to 47.5 bushels/acre. Both remain record high...
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.