China's retail milk price has been increasing significantly over the past few months due to the considerable raw milk shortage in the domestic market since July. Soy and Corn Reserve Procurement Rules Released China's National Development of Reform and Commission (NDRC) released the detailed rules on soybean and corn procurement for reserves last week. The government purchase price for soybeans will be $760/MT. This is the same as last year, but almost 10 percent higher than the current U.S. soybean price. While China's soybeans are mainly used for domestic food consumption, such as tofu, production continues to fall for the third year in a row. China's National Grain & Oil information Center's (CNGOIC) latest estimate for soybean out...
As predicted, the Federal Reserve held rates steady at the last meeting before the midterm elections, likely in part because of the election (see WPI 19 October and 22 September). The decision comes at the tail end of a midterm election cycle that has been marked by the two parties campaigning...
Key Takeaways: WPI’s new EU rapeseed crushing margin models point to weaker processing returns over the next four months due to higher rapeseed procurement costs and weaker product values. Statistical forecasts call for German crushing margins to decline from €181/MT to €...
Key Takeaways: The tariff burden rose sharply in 2025 and 2026: the effective rate on imports in HTS Chapters 1–24 increased from 1.53 percent in 2024 to 6.11 percent in 2025, before averaging 5.68 percent in January–August 2026. Headline rates tell only part of the story: exemptio...
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.