Macroeconomics Food Prices Fall by Nearly 4 Percent With pork prices continuing to tumble, the average cost of food in China dropped by 3.9 percent in February compared to a year ago. That marks three straight months of decreases, and the largest decline since last September. China’s National Bureau of Statistics (NBS) reports retail prices for pork fell by 42.5 percent in February year-on-year versus 41.6 percent in January. Meanwhile, fresh vegetables edged down by .1 percent. By comparison, prices for cooking oil, fresh fruit, and milk continued to rise, although at a slower rate than in January with upticks of 3.7 percent, 6.6 percent, and .7 percent, respectively. The overall inflation rate in China remained at .9 percent in Fe...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.