That the trade's analysis of stocks and acreage turned out to be so close to USDA's survey results is another way of saying that yesterday's reports were surprising."We Finally Have the Numbers" is the way Mike Krueger titled his recap of USDA's long awaited 1 March quarterly stocks and initial planting intentions in yesterday's WPI Ag Perspectives. Indeed, it is a relief to finally have them after weeks of anticipation. Each of the quarterly stocks reports that USDA issues every year can move grain and soy markets if stocks are bigger or smaller than expected. However, among the four USDA stocks reports each year, the 1 March report seems to be the one with the surprises that spark greater market volatility and does so more often than the...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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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.