French Environment Minister Nicolas Hulot today indicated his country’s government will take steps to restrict the use of non-sustainable palm oil and soyoil for biodiesel production in order to reduce indirect deforestation. U.S. Soybean Crush Rate Up Slightly in May USDA’s fats and oil report of yesterday indicated the volume of U.S. soybeans crushed in May totaled 141.55 million bushels, slightly higher than the 134.787 million bushels in April and less than the 144.775 million bushels in May 2016. The average daily crush rate in May of this year was 4.566 million bushels, up 1.6 percent from 4.492 million bushels in April. While the monthly crush was down in Illinois and the north central region, it was up in Iowa, the south, west and...
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.