Markets opened Sunday evening with little change. By morning, however, soybeans were showing double digit losses and corn and wheat were also lower. General Comments Markets opened Sunday evening with little change in a very quiet, low volume session. By morning, however, soybeans were showing double digit losses and corn and wheat were also lower. Overnight weakness was the product of sharp losses in China’s financial markets that spurred another round of worries. U.S. financial futures markets were also sharply lower (down 1 percent or so). These losses started to shrink when today’s markets opened. Crude oil was up more than $3 per barrel and traded above $50 after trading down to below $38 last week. The U.S. oil production numbers we...
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.