As noted before, it is the U.S. Census Bureau rather than USDA that keeps the official count of grain, soybean and soy product exports. USDA’s FGIS keeps a tab on the volume of grain and soybeans inspected for export each week, and its FAS operates its export sales reporting system. The latter requires exporters to report sales and shipments each week, including for soy products, and it keeps a running tally on export shipments through each crop cycle. The combined USDA data provides timely ways to follow the pace of export shipments, but it is the monthly report on international trade from the Census Bureau, which is based on customs clearance data, that provides the official numbers. There is usually some variation among the export...
What You Need to Know Today: Wheat futures pulled back sharply after Russian President Putin said there was a “chance” for peace and an agreement to end the war in Ukraine. There is plenty of skepticism about the opportunity for peace in Ukraine, but that didn’t stop wheat fr...
President Trump has opened the door to 100,000 MT of beef lean trimmings (limited to HTS codes 0201.30.5091, 0201.30.5097, 0202.30.5091, and 0202.30.5097) from countries listed under the “Other Countries” TRQ effective 1 September. These imports would not be subject to the over-quot...
Key Takeaways: CHS and OCP plan to invest up to $450 million in a Louisiana phosphate fertilizer facility capable of producing more than 1 MMT annually, marking the first new U.S. plant of its kind in more than 40 years. The facility could reduce U.S. dependence on imported finished phosphate...
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.