Old crop corn and soybean market direction will now be determined by demand. We might see small changes to the U.S. crop production estimates in the November and January USDA reports, but any changes should not be significant. It will take evidence of strong demand to push futures markets higher over the next 30-60 days. Cash markets are strong. Basis levels seem to slowly creep higher. Corn and soybean harvests are essentially finished, and what producer selling was forced during the harvest should be behind the market. Net farm income will be huge again in 2013 despite the drought, which means farmers will be doing a lot of pre-tax financial planning between now and the end of the year.The next weather market, if there is one, will have...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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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.