Last week's collapse in new crop futures markets followed by Friday's meltdown in old crop soybean futures has producers spooked for the first time since the beginning of the drought rally last June. The velocity of these market moves simply doesn't give anyone time to react, let alone step back and consider the longer-term implications of what just happened. The corn futures lost 40 cents last week, with December 2013 futures now nearly 80 cents off the highs of early December and 35 cents off the highs of last week. November soybean futures traded just above $13.50 a week ago and were traded at $12.63 this morning. Obviously, the market decided that old crop tightness is no longer a market factor; that summer weather across the Northern...
Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...
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.