The global coronavirus outbreak is unprecedented in many ways, which makes forecasting extraordinarily difficult. The SARS outbreak hitting China between November 2002 and July 2003 had a substantially higher morbidity rate (9.6 percent) than COVID-19 but killed only a quarter as many people. The Chinese economy sped right through the disruption, continuing a nationwide economic expansion. Economists are more certain that the coronavirus will send the world into a recession, but they are unclear on its length or severity. The variables are many including: length of isolation/quarantine, absolute number of services curtailed, relative drop in consumer spending, rebound strength, etc. On the agrifood side of things, an old calculus is that f...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
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.