The condition of China's cotton stocks is unknown, but it appears there is some confidence that Beijing will not dump its excess on the world market. Own Petard Cotton is the only crop that will have larger global surplus stocks this year than in the past decade, and yet U.S. farmers are forecast to give the crop a larger boost in production (+10.5 percent) than any other major crop. This is because stocks are low in the U.S., while China holds most of the world's surplus cotton. China accumulated the stocks due to its guarantee of a high price to farmers. The government is now switching to a target price approach that will instead make a deficiency payment to producers. The condition of China's stocks is unknown, but it appears there is...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
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.