The implication going forward is that corn acres are in jeopardy for the 2015 crop year under the current market price structure. Soybeans have had a significant financial advantage for the last year, which is why those acres are up so much from last year.It has been several years since agriculture production has seen prices drop this low this fast. Some futures markets declined to their lowest levels in four years today, and it seems very likely that prices will continue to decrease, although the pace should start to slow. How much more bearish news is left for the markets to trade?I spoke at a meeting of farmers in the northern Corn Belt a week ago. The mood, as you would expect, was pretty subdued. For the first time since back in 2009,...
What You Need to Know Today: Chinese purchases of U.S. soybeans continued to accelerate, with USDA reporting another 558 KMT sold to China and 236 KMT to unknown destinations. Combined with sales announced Wednesday and Thursday, the latest purchases bring the three-day total to approximately...
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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.