Soybean Export Sales Higher Than Expectations Today's USDA export sales report showed U.S. exporters sold more soybeans and soymeal in the week ending 19 July than trade sources expected. Soybean sales totaled 710,500 MT of soybeans, with 193,200 MT to be shipped in the current marketing year and 517,300 MT scheduled to be exported in the 2012/13 marketing year. Soymeal export sales totaled 257,000 MT, with 150,500 MT to be exported in 2011/12 and 106,500 MT to be exported in 2012/13.The major destinations for soybeans were China (311,100 MT), unknown (182,000 MT), the United Kingdom (112,000 MT) and Egypt (60,000 MT). The main destinations for soymeal sales were Mexico (47,600 MT), unknown (45,000 MT), Philippines (40,000 MT) and Latvia...
Key Takeaways: President Trump announced $8 billion in additional agricultural assistance through the Harvest Fuel Relief Program, as USDA projects farm fuel and oil expenses will increase 28.8 percent in 2026. The package follows $12 billion in earlier relief, while government farm payments w...
Key Takeaways: A student group from the University of Chicago is protesting to bring back onion futures trading. Trading in onion futures was banned in 1958 following a spectacular bout of market manipulation that resulted in a corner of the physical market. The ban on onion futures led t...
Beef packer margins deteriorated to $141/head last week, down $55 from the prior week as fed cattle prices strengthened while the Choice cutout remained nearly unchanged. The cutout held near $373/cwt while fed cattle prices climbed $4/cwt to $224/cwt, narrowing processor profits. Despite the d...
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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.