Summer weather and yield potential will be next on the market’s agenda, and there has been much hype about the shift in weather patterns from El Nino to La Nina and how that might impact production.The U.S. planting season has been moving along at a very rapid pace. The table below shows the current rate of completion as of 16 May compared with the five-year average:Two states, Ohio and Indiana, are lagging behind the normal planting progress for corn and soybeans because it has been cool and wet there. However, those states should have gained some ground this past week. Crops across the northern Plains, which has had a dry spring season, are essentially planted. One private weather report earlier this week cited the need for drying weather...
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.