This year Monsanto expects up to 35 million acres of Intacta soybeans to be planted in Brazil and the area to increase to 75 million acres by 2019. That’s good news for the company and Brazilian farmers but not for companies like DuPont, which have been selling large volumes of insecticides to those farmers. USDA Raises U.S. Soy Exports, Cuts Stocks USDA did not make many changes to its U.S. and global soybean supply/demand forecasts. However, one revision that is significant to the U.S. sector was a 15-million-bushel boost in its forecast for 2015/16 U.S. soybean exports to 1.705 million bushels (46.4 MMT). As a result of that, USDA reduced its estimate for U.S. soybean ending stocks on 31 August 2016 by a like amount to 445 million bush...
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.