While Russia's wheat exports plummeted from 1 February-13 May 2015 compared with the same period in 2014, its MInistry of Agriculture announced that a new formula for calculating the wheat export tax, which was recently canceled, will be introduced on 1 July. Russian Grain Markets Planting Update Spring crops were planted on 28.6 million hectares (55.2 percent of the target) as of 18 May 2015 and included grain crops on 17.1 million hectares. Spring wheat was planted on 5.1 million hectares (38.5 percent of the target), spring barley on 5.9 million hectares (72.2 percent of the target) and corn on 2.2 million hectares (77.2 percent of the target). Sunflowers were planted on 4.4 million hectares (66.9 percent of the target), spring rapese...
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...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
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.