One of the advantages Argentina has had in the last year in exporting soybeans, soy products and other agricultural commodities has been its weak currency. However, this has been changing. Large Soybean Export Sales Today’s USDA export sales report indicated last week was busy with sales of soybeans for shipment in the current and next marketing years. It noted the total for 2015/16 shipment was 758,500 MT, up 98 percent from the past four-week average. The sales were mainly to unknown destinations (573,900 MT), Iran (120,000 MT), Indonesia (47,600 MT) and Japan (12,100 MT). They were partially offset by switches from unknown (44,000 MT) as well as decreases to China (54,000 MT), Malaysia (15,000 MT) and Colombia (100 MT). Sales for shipm...
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.