Market Trends U.S. Ag Exports to China Set New Record for January Even with China’s economy sputtering and the reversal of the zero COVID-19 policy impacting public health, the numbers for this past January were quite extraordinary. With soybean exports driving the bus, the U.S. shipped to China just over 6.91 MMT valued at $4.51 billion for an average FOB price of $651.94/MT. The figures for January were quite close to December’s totals, as the volume was down by just .7 percent, while with the average FOB price rising by $9.53/MT or 1.5 percent, the aggregate value actually improved by .9 percent. That, in turn, resulted in the value for January surpassing the previous record of $3.83 billion set in 2021. Meanwhile, the tota...
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...
Mediterranean/Middle East/North Africa/Africa – MEA Region Bangladesh is reported to have finalized the purchase of 270,000 MT of wheat, including 220,000 MT of U.S. wheat. The U.S. wheat is priced at $322/MT, with an additional 50,000 MT of wheat at $297.90/MT through an international te...
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.