The Russian Ministry of Agriculture’s first forecast for the 2016 grain harvest estimated it at 104 MMT. However, market experts are not as optimistic with Igor Pavenskiy of Rusagrotrans predicting that it will only reach 93-99 MMT due to current crop conditions. Russian Grain Markets Harvest Update Russia’s Ministry of Agriculture reported on 15 December that the 2015 grain harvest totaled 103.4 MMT in clean weight, including 61.2 MMT of wheat. Market Trends: 7-11 2015 Prices on the Russian grain market started to decrease during the week in review. GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in Central (-$0.70/MT), the South and Black Soil (-$0.20-0.50/MT), Volga Valley (-$1.20/MT), Ural (-$0.20/MT) and Siberia (-$...
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.