While soybean production continues to expand rapidly in the Dakotas, the only processing plant located in either state is in Volga, South Dakota. However, that situation is about to change.Soybean production continues to expand rapidly in the Dakotas. A record yield of 41.5 bushels/acre greatly helped North Dakota produce a record 6.8 MMT (250 million bushels) in 2016. Meanwhile, South Dakota’s yield of 49.5 bushels/acre matched the record set in 2015 and resulted in a record 6.3 MMT (229 million bushels) production last year. The only processing plant located in either state is in Volga, South Dakota, but that situation is about to change with the addition of two new plants over the next several years.Minnesota Soybean Processors announced...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
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.