It was another very quiet start to the week overnight with soybeans slightly higher, corn steady and wheat slightly lower. Markets opened steady across the board this morning but found some buying in the first hour of the session that took prices to 3-5 cent gains. The major weekend news was all about the announcement that the Mueller report was released finding no evidence of collusion by President Trump with Russia. That didn’t give equities markets a rally, though. They were still suffering from last Friday’s collapse on another round of worries about slowing world economic growth. Crude oil was steady, and the U.S. dollar was slightly lower. The markets will very likely continue to mark time until USDA releases its planting...
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.