Competition has intensified for South American soybean exports as the recent 20-cent collapse in basis at the U.S. Gulf has brought U.S. production back into the picture. Soybeans Soybean planting will begin next week in Argentina for the 2015/16 season, and there are projections of a planted area totalling approximately 20 million hectares. The common expectation is that 1 million hectares of corn will be replaced with soybeans. Interestingly, Argentine soybean production is expected to decline despite the shift in acreage as farmers reduce inputs in an effort to minimize costs. Exporters are anticipating a total harvest of 57-58 MMT compared with 60 MMT in 2014/15.A positive development for soybean farmers is that the growing season acr...
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.