Hovering over the issue of soybean demand is China’s reported slowing GDP growth. Second quarter growth was reported at 6.3 percent, far better than the 1.1 percent U.S. growth. Though China’s growth in real terms versus year-on-year was an annualized 3.2 percent. Critics will even question that rate, citing the increasing opaqueness of certain economic data and Beijing’s tendency to smooth uncomfortable information. However, the youth unemployment rate has nearly doubled to 20 percent since COVID, and deflation is now the risk. Reduced demand from China and the diversion of FDI to other countries has helped other parts of the world. But some macroeconomists are not impressed with Beijing’s conventional...
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.