In the closing days of the year, it is standard procedure for commentators to put forth their lists of the best, worst or most important items of the past 12 months in their particular areas of interest. We have compiled a somewhat different sort of list related to agriculture and markets, which is highly subjective as it relates to topics from 2017 that we find especially interesting and hope that clients may find them to be as well. 2017 U.S. Corn and Soybean Yield Performance Unless USDA/NASS makes unexpected substantial changes in the final yield results in the 12 January WASDE, the U.S. national average corn yield (175.4 bushels/acre in November) will be the highest on record. The average soybean yield (49.5 bushels/acre in November)...
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.