GOOD MORNING, Bean prices are rising this morning after China announced that starting Feb. 14, they would lower import tariffs on some US goods by half, with the Finance Ministry stating it would take goods with a 5% tariff down to 2.5%, with other goods moving from 10% to 5%. According to a Reuters article, China would halve extra tariffs on 1,717 US products. In the meantime, China continues to buy Brazilian beans since they are less expensive as harvest rolls along. Beans are stabilizing at current lows but it will take more signs of solid export activity to help futures into a larger rally. The markets still continue to grapple with uncertainties over the Coronavirus, and ultimately if it gives China an out to w...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.