On this last full day of trading ahead of the release of USDA’s various reports at noon (EST) on Friday, markets were about as quiet as one might expect given the assumption that they will contain no surprises. The January reports have a history of occasionally moving markets, but traders seem to doubt that much price action will be generated tomorrow. Whether or not end users decide to extend coverage after viewing them can be a factor in post-report price movement. Overnight trade found prices little changed amid light volume. The day session continued the same pattern except for the soy complex, which saw prices weaken for soybeans and products. March soybeans closed 5 cents lower, losing ground to new crop as November soybeans fi...
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.