USDA today announced two actions to intervene in the sugar market and avoid loan forfeitures: one was a second purchase of raw cane sugar to be offered for the retirement of Refined Sugar Re-Export Credits (the first purchase was announced on 18 June) and the second was the Feedstock Flexibility Program (FFP) which diverts sugar to ethanol.The first effort at the Re-Export Credit retirement program resulted in a purchase of 91,000 MT of sugar in exchange for a retirement of 300,000 MT of Re-Export Credits. To gain those credits back, cane refiners would have to export 300,000 tons of sugar – presumably domestic which helps the domestic market.Additionally, USDA announced the final rule for the long anticipated FFP, which is intended to av...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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.