General Comment Markets were all steady to slightly higher in overnight trade, and volume was considered average. This is report week again, and USDA will release its November crop production/revised WASDE on Thursday morning. This will be the last corn and soybean yield/production estimates until the “final” numbers are released at the end of January (USDA/NASS doesn’t update yield estimates in December). USDA announced the sale of 130,000 MT of corn to unknown. There is some market noise that Iraq might purchase up to 1 MMT of U.S. hard red winter wheat. U.S. equity markets were slightly higher. News that Broadcom made a $103 billion offer for Qualcomm pushed the NASDAQ to new highs. If this is concluded, it wou...
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...
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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.