USDA will publish in tomorrow's Federal Register two proposed actions to reduce the chance of sugar forfeitures. As USDA has noted, the May 2013 USDA WASDE report has sugar stocks-to-use at 18.5 percent. The June WASDE shows ending stocks-to-use at 19 percent and the 2013/14 ending stocks-to-use ratio at 22.4 percent. According to USDA, "In the past, an ending stocks-to-use ratio at or above 18 percent has been strongly correlated with low U.S. sugar prices, and with forfeiture of sugar loan collateral to CCC."Action 1: USDA will purchase sugar from domestic refiners (cane and beet) and then conduct exchanges for credits under the Refined Export Sugar Program. The Refined Export Sugar Program allows licensed refiners to import low duty or...
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.