Dim Sums takes issue with Chinese data for showing pork production on par with the prior year but pork prices being 36 percent higher, and up even more using China’s National Bureau of Statistics data. Income is relatively stable, suggesting it is not demand that is driving up price. The anomaly does not show using USDA and FAO data. There is a similar discrepancy in Chinese soybean data whereby demand and prices for soybeans are high, but imports are lower as are crush margins. Churchill referred to the Soviet Union (Russia) as a riddle wrapped in a mystery inside an enigma. Sometimes China can be equally as perplexing. ...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
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.