Milling Wheat Wheat prices have trended higher in the past two weeks with multiple storylines helping push values higher. First, better-than-expected Chinese economic data and the Middle Kingdom’s purchases of U.S. SRW wheat and French wheat have helped provide a more positive backdrop to the world demand outlook. Additionally, conflict in the Middle East is reviving food scarcity and security fears in the region while concerns over weather for the U.S. winter wheat crop is casting doubts on 2024 supplies. Finally, estimates of the Russian wheat crop are being shaved back due to declining prospects for the key spring wheat producing regions. EU wheat prices were up €9-10/MT last week and are higher again to start th...
What You Need to Know Today: The June jobs report showed nonfarm payrolls increased by 57k jobs, less than the 115k jobs expected by economists surveyed by Dow Jones. The labor force participation rate dropped by 0.3 percent to 61.5 percent, the lowest since March 2021, and the lowest in 50 ye...
As Cuba's economic crisis has deepened, discussions about the country's eventual economic and political transition have reemerged. One question that inevitably follows is what opportunities might emerge for U.S. agricultural exports. So, here’s a brief review of those opportunities, but n...
Key Takeaways Traffic through the Strait of Hormuz is increasing steadily, despite a precarious political situation. The increased flow of vessels through the SOH is pressuring tanker rates, though total volumes remain well below pre-war levels. The big issue in the Strait of Hormu...
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.