WTO members committed in the Nairobi Ministerial declaration to create a rule regarding a government’s right to use stockholding for food security purposes. There is a related issue, though, that should also be considered.WTO members committed in the Nairobi Ministerial declaration to create a rule regarding a government’s right to use stockholding for food security purposes. Some major agricultural export countries now say they are open to such a rule provided it does not result in stocks contributing to exports, and some developing countries claim a new rule is necessary because existing rules lack clarity. Both parties are wrongChina, for example, stockpiles somewhere between 114 MMT (USDA) and 150 MMT (say some Chinese analysts) of surp...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
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.