The milling wheat market in the Black Sea is firmer due to the stronger ruble and increasing demand from one particular country. Meanwhile, Algeria is in the market for optional origin wheat for February shipment, and there are three competitors at today's prices. Milling Wheat The Black Sea market is firmer due to the stronger ruble and increasing demand from India. That country has now removed its wheat import tax, which it had lowered to 10 percent in September, in an effort to stimulate more imports in the coming months and stop the domestic wheat price escalation.The weather in Ukraine and Russia is generally favorable for winter wheat development. However, the arctic cold is reaching some regions that do not yet have an adequate sno...
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.