The first of a projected seven interest rate hikes was announced today by the U.S. Federal Reserve. In contradiction with the Biden White House, the Fed said it would like to see a slowing in the pace of wage increases. Notably, research indicates that employment growth is fastest for minorities and the less educated when monetary policy is expansionist. Fed Chairman Jerome Powell says he does not see a recession occurring due to the rate hikes, though historically it has been rare to avoid such an occurrence. One question is the impact of tighter monetary policy on agricultural commodities. Recent history does not indicate that changing interest rates alters food production or consumption ratios. Prices remained stable for wheat, corn, an...
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
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.