WHEAT Harvest advanced 13.1 percent week-over-week, reaching 73 percent of total area, with yields remaining above average and above earlier expectations. As a result, the Buenos Aires Grain Exchange raised its production estimate to 27.1 MMT, broadly in line with the Rosario Board of Trade’s latest estimate of 27.7 MMT. Shipments through 19 December reached 1.3 MMT, accelerating after a slower start to the month. If the current pace is maintained, December shipments could approach 2.5 MMT, exceeding the prior December record of 2.27 MMT set in 2021. Protein quality remains a key issue, and widespread renegotiations are underway to avoid contract defaults. These include contract washouts, with exporters conceding $10–15/MT, and...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.