Dryness in Midwest an Increasing Concern for Soybeans If there ever were a year when the U.S. needs to harvest a large soybean crop, this is it. After the poor crop in South America, the world needs the U.S. to produce a large soybean crop to meet rising global demand and prevent a major upward price spike this winter.Unfortunately, the weather across the Midwest thus far has not been conducive to getting a big crop produced. It currently is quite dry across Nebraska, Kansas, Missouri, Iowa, Illinois, Indiana, Ohio, southern Minnesota and Arkansas, as well as the Red River Valley of North Dakota and Minnesota. This was reflected in yesterday's soybean crop condition report which showed a 4 percent decline in the good and excellent catego...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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.