Yesterday the Bureau of Labor Statistics (BLS) released the June Consumer Price Index (CPI) showing a 0.2 percent growth in June, the smallest monthly increase since August 2021. There are a few ways to look at the numbers, however. On the one hand, the 3 percent annual inflation is a big drop from the 9.1 percent annual inflation last June (the highest since November 1981). On the other hand, the “core CPI” which the Fed looks at – which excludes volatile food and energy costs – is up 4.8 percent year over year, enough to keep the Fed hawkish in trying to reach its 2 percent inflation goal. Indeed, food and energy – especially energy – have been volatile over the past year. Energy inflation was d...
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.