China to Buy New Crop Soybeans from Farmers Reports out of China indicate China's National Development and Reform Commission next week will send a proposal to the State Council to purchase 2012 crop soybeans to replenish reserve stocks. If the plan is approved, it will be the fifth year in a row that the government has purchased soybeans from farmers to support prices and build reserve stocks.An unidentified source told Bloomberg that the proposed price for the soybeans will be 4,600 yuan/MT or about $736/MT ($20.06/bushel). Last year purchases were made at a price of 4,000 yuan/MT. Since the government reserve stock purchase program began five years ago, Sinograins Oils Corporation has purchased about 14.6 MMT of soybeans from farmers...
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.