That sound you heard today around Noon Eastern Time was the market trying to digest USDA’s decision to triple China’s corn ending stocks. Earlier this week, China said it was revising its production figure higher, and USDA decided boosting the stocks number would be fun too. The net effect of USDA’s move is that world corn ending stocks are up 93 percent (yes, that’s the right number) from last month. Notably, that figure is still down 10 percent from 2017/18. More details on the WASDE’s impacts/implications are listed below and will be further discussed in future WPI articles. Wall Street closed mixed with the Dow is up slightly and the S&P 500 down fractionally. The U.S. dollar finished a modest 1...
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
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.