The northern Plains drought is worsening, and the spring wheat market has reflected part of the severity and lost production. There is one element, though, that will provide some financial relief to those spring wheat, durum and barley growers affected.The northern Plains drought is worsening with an extended period of very hot temperatures and little or no rain, which has most affected the western half of the Dakotas and eastern Montana. The spring wheat market has reflected part of its severity and lost production. USDA and others are carrying the hard red spring wheat crop at around 400 million bushels (10.9 MMT), but WPI believes final production will be closer to 350 million bushels (9.5 MMT). The difference will be how many acres are...
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.