Bumper corn and soybean crops along with low prices have caused Brazilian farmers to hold back a larger-than-normal share. Largely limited to using silo bags, one crop is favored because of several factors. Indian Vegoil Imports Rose Sharply in May In a Bloomberg survey of five oilseed industry officials, the average estimate of India’s vegoil imports in May was 1,322,000 MT, a 29 percent increase compared with 1,024,878 MT in May 2016 but less than the 1,339,489 MT imported in April 2017. Last month’s palm oil imports were estimated at 798,000 MT, a 21 percent increase compared with 657,454 MT in May 2016. Meanwhile, soyoil imports were 91 percent higher at an approximate 340,000 MT with sunflower oil imports at about 155,000 MT versus 1...
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.