Considering all the recent chatter about free trade, fair trade, NAFTA, steel and aluminum quotas, etc., a farmer from eastern Montana has pointed out that perhaps the U.S. should put tariffs on Canadian spring wheat. The U.S. has always imported a significant amount of that from Canada and also durum. The flow south is easy logistically, and the border is wide open. However, it is more difficult to ship wheat into Canada because of its many restrictive rules specific to varieties, grading standards, etc. In fact, U.S. imports of Canadian spring wheat are up from 42 million bushels (1.14 MMT) in MY 2016/17 to 74 million bushels (2 MMT) in MY 2017/18, an increase of 176 percent and the second-largest import number in 20 years. Canada has b...
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.
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...