In today's market action, soybeans and corn prices fell again, while wheat prices firmed. Forecasts for rain next week kept the corn and soybean markets on the defensive.Meanwhile, no one yet can put a handle on how much of the EU wheat crop has been turned into feed quality by the heavy rains. General Comments A couple of economic reports made news today. The U.S. Labor Dept. said that the U.S. added 209,000 jobs in July, the sixth month in a row in which more than 200,000 have been added. As good as that might sound, July's number fell below analysts' expectations. Still, it indicates that the U.S. economy is continuing to grow steadily, though not spectacularly. Unemployment ticked up slightly to 6.2 percent as more people entered the...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
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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.