As the volume of India's vegoil imports has continued to rise in recent years with palm oil the most in demand, another oil accounts for a substantial share of the growth. USDA Reduces Estimate of U.S. 2014 Soybean Crop As expected, USDA yesterday reduced its estimate of the U.S. 2014 soybean production. The change was based on its 1 September stocks report that indicated U.S. ending stocks of soybeans on that date totaled 191 million bushels, a bit below analysts’ average estimate of 205 million bushels. Because of the revision, USDA lowered its estimate for the 2014 crop from 3.969 billion bushels to 3.927 billion. It also reduced its estimate of the average soybean yield by 0.3 bushels/acre to 47.5 bushels/acre. Both remain record high...
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.