While Russian Finance Minister Anton Siluanov is trying to reduce the financial burdens on the state, including privatizing assets, the agriculture ministry has reportedly been given the authority to raise the price paid to farmers to fill the state grain stockpile by another $15/MT. Empty Bread Basket The Russian Agriculture Ministry has reportedly been given the authority to raise the price paid to farmers to fill the state grain stockpile by another $15/MT. That may make farmers happy, but it likely displeases Finance Minister Anton Siluanov. With the government’s coffers burdened by low oil prices (oil and gas are 52 percent of government revenues), a recession now extended into 2016 plus wars in Ukraine and Syria, Siluanov is trying...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
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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.