The day session produced a bias toward lower prices, although nothing remotely close to a market collapse. Soybean futures prices were off about 17 cents at their lows, but they recovered with July soybeans closing up 1.25 cents as the November contract closed 5.5 cents lower. General Comments To the surprise of no one, the U.S. Federal Reserve Bank announced at the close of its April meeting today that it would leave its interest rate unchanged. Analysts hoped that the Fed’s post-meeting statement would provide clues about the chances of a rate increase at its next meeting in June. However, its carefully worded release gave no clue about what might be expected at its next meeting even though its tone was somewhat more positive than it wa...
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.