Big New Crop Soybean Sales Last Week Today's USDA export sales report showed U.S. exporters made exceptionally large new crop soybean sales last week. The net total sold for shipment after 31 August was 1.8934 MMT with the main buyers being China (1.333 MMT), unknown (417,000 MT), Japan (60,300 MT), Turkey (25,000 MT) and Indonesia (23,300 MT). That does not include the 963,000 MT that USDA announced earlier in the week were sold to China for shipment in 2013/14. Total U.S. soybean exports to date for MY 2013/14 stand at 18.874 MMT which is half of what USDA forecasts will be exported for the entire current marketing year. Total new crop export sales to China now stand at 14.029 MMT. New crop sales to all destinations totaled 16.042 MM...
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.