This is a new era in energy and specifically crude oil, which is having an effect on total U.S. exports as well as those from the ag sector.USDA today released the February ag export and import figures, which show those exports down 16 percent in January and February 2016 compared with the same period last year. Meanwhile, ag imports were only 2 percent lower, resulting in a narrowing of agriculture’s trade surplus. The overall trade deficit for all good and services widened in February to a six-month high as imports grew faster than exports. The good news is that exports increased in February after four straight months of declines. Despite that gain, slower growth abroad and a stronger U.S. dollar have slowed exports over the past year wit...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
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...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.