We are still quite a way from harvesting the 2013 U.S. corn and soybean crops, but if the early private crop production estimates are anyplace close to the final numbers, we could start to see a lasting price divergence between the corn and soybean markets. By lasting, we mean through the coming marketing year. Last Friday, FC Stone showed a smaller soybean crop than the July USDA estimate and today Informa's soybean production estimate was smaller than FC Stone. We pointed out last Friday the potential significance of a less than record U.S. soybean yield. It could mean that instead of more than doubling U.S. soybean ending supplies in the next marketing year we, in fact, have another year of very tight U.S. supplies.No one, on the other...
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...
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.