Does the fundamental outlook for soybeans as seen right now in April 2014 deserve an old crop/new crop inverse so much wider than during April 2013?For some reason, we cannot seem to leave the 2013/14 old crop soybean situation alone, so please pardon us if we toss it around one more time. We suppose it attracts us because we are having such difficulty in trying to figure it out. It is very puzzling in certain respects; at least it is for us.The U.S. soybean carryout at the end of 2011/12 was 169 million bushels, or 5.4 percent of total use. In 2012/13, it was 141 million bushels, or 4.5 percent of total use. The forecast for 2013/14 in USDA's April WASDE is a carryout of 135 million bushels, which would be 4 percent of total use. Looked in...
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...
Key Takeaways: With the fall calf run now upon us, producers are finally getting a glimpse of what their realized profits will be for 2026. Some producers may have already obtained a strong estimate of 2026 revenues, especially if calves were forward sold in, for example, the mid-summer...
As fall begins, wild migratory birds are starting their seasonal migration. That has the industry and government officials worried about the potential spread, again, of highly pathogenic avian influenza (HPAI). Some members of Congress have called for the United States to be prepared for a pote...
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.