Yesterday’s USDA report indicates that U.S soybean exporters and processors are going to have a large supply to work with in the year ahead, and one particular forecast could make that challenging if it is realized. 12 October USDA Reports’ Soy Sector Highlights Crop ProductionYesterday’s USDA crop production report was significant in that the forecast for the average U.S. soybean yield was raised by 0.8 bushels/ acre to 51.4 bushels/acre, another record high, with estimated production now at a record 4.269 billion bushels (116.19 MMT).Most significant was the increase in the average yield in Illinois from 60 bushels/acre to 61 bushels/acre and in Nebraska from 59 bushels/acre to 61 bushels/acre. Yields were also raised in Georgia, Illino...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
Key Takeaways: Texas illustrates the assumptions underlying the 2025 FMMO reform; Idaho exposes their limitations. The Southwest order blend (roughly 27 percent Class I, 32 percent Class III and 31 percent Class IV) exposes Texas producers to every lever USDA adjusted, with a near-neutral proj...
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.