Wheat and barley prices at the Russian market continued to decrease (in RUB expression). Rye and corn prices grew, however, with the latter showing a significant increase. The strengthening ruble is causing prices to rise in USD expression and is also forecast to impact the level of grain exports in April. Russian Grain Markets Planting Update Spring crops were planted on 746,300 hectares (1.4 percent of the target) as of 21 March 2016, which includes grain crops on 563,500 hectares (1.8 percent of the target). Market Trends: 14-18 March 2016 During the week in review, wheat and barley prices at the Russian market continued to decrease (in RUB expression). Rye and corn prices grew, however, with the latter showing a significant increas...
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...
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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.