The market has been closely watching how reform proposals noted in the central government’s No. 1 agricultural policy document will be implemented. Meanwhile, the sharp rise in U.S. cherry exports to China in 2015 may reflect a silver lining in some aspects of the domestic market there. Oilseeds Soymeal Inventories Decrease Sharply in February The drop in utilization rates during the Spring Festival holiday as well as increased feed purchases early in February significantly reduced China’s estimated soymeal inventories throughout this month. As of last Friday, they totaled 620,000 MT, a 350,000 MT (-36.08 percent) decline from the first week of this month and a 730,000 MT drop (-45.92 percent) since the end of January. They are also down...
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...
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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.