The March labor market report was released last week, and both the report and the revisions for prior months were positive news on the employment front. However, those holding out for a cut in interest rates may have to be more patient after the strong jobs numbers. Nonfarm payrolls rose 303,000 in March, the largest increase in ten months, and the jobs for prior months were revised up by 22,000, reversing the general trend of negative revisions. Compare that to February which showed an increase in non-farm jobs of 275,000, beating the consensus pre-report estimate of 200,000. However, that report came with downward revisions of 167,000 to both the December and January initial estimates. That was the largest monthly downgrade for any...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
Key Takeaways: Drought remains a major threat to global agricultural production, particularly in regions with limited rainfall and growing water scarcity. Commercially available drought-tolerant traits in corn, soybeans, and wheat have generally delivered modest yield improvements, limiting th...
Key Takeaways: Peace at last in the Persian Gulf? Over the weekend, the U.S. announced and Iranian officials confirmed a peace agreement, with formal ratification set for Geneva on 19 June. The announcement means the Strait of Hormuz is set to reopen fully and toll-free within 30 days.&n...
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.