Larger China Soybean Crop Results in Lower Prices Last year China decided to boost its support to farmers growing soybeans while simultaneously reducing that provided for growing corn. The objective was to begin to reduce corn production in order to lower its huge stocks as well as decrease soybean imports. However, it appears the new policies may have the opposite effect. In Heilongjiang Province, the government reduced the payment for corn by 13.3 percent this year to about $303/hectare, and the payment for soybeans was increased to about $394/hectare. China’s soybean production this year is forecast to rise 11 percent from last year to 14.4 MMT, largely because of the higher subsidy. Because most of China’s domestic soybean...
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...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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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.