The monthly CPI for May was up 4 percent over 12 months; that is down from the April to April annual increase of 4.9 percent and slightly below the pre-report expectations of 4.1 percent. The May increase of 0.1 percent was the smallest 12 month increase since April 2021. A drop in energy prices over the past 12 months was the main factor in the lower CPI readout. Energy prices dropped by 11.7 percent from a year ago. Fuel oil was down 37 percent, gasoline down 19.7 percent, and natural gas was down 11 percent. Electricity, however, was up 5.9 percent. Food inflation was up 6.7 percent, with food at home up 5.8 percent and food away from home up 8.3 percent – limited service meals in the food away from home cateory excee...
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...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
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.