USDA’s world 2016/17 soybean supply/demand projections provide a good benchmark from which to weigh potential, real changes in both. The soybean market seems to be doing its best to encourage production, and the weather gods will also play their usual major role.In the ever-changing world of commodity markets, the current rock stars are crude oil and soybeans. Unexpectedly strong price rallies in each have thrust both markets into public attention and attracted widespread money from noncommercial investor/speculators. The crude oil rally has been underway irregularly since late winter but more consistently since early April, and the soybean market’s rally has also been underway for a while.From a low of $8.62 on 3 March, the July soybean fu...
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.