Grain and soy futures trade was rather dull with low volume overnight and again during the day session. Prices traded on both sides of Monday’s closes in narrow trading ranges. The result was that wheat closed higher for the fourth day in a row. General Comments Concerns about China’s economy were back again overnight as the Shanghai Index fell 6.4 percent to its lowest level in over a year. This occurred amid signs that the Chinese government and central bank officials are at a loss as to what they should do in terms of further efforts to stimulate the economy. Previous steps have had little success, and there is considerable skepticism that more of the same would produce better results. China’s situation was further clouded by a report...
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.