In a surprising turn of events, Chinese regulators recently lifted the ban on U.S. DDGS that had been set in place in October over concerns regarding the detection of unapproved GM corn strains. Oilseeds Soybean Imports Surge as 2015 Begins Despite the ongoing labor impasse affecting U.S. West Coast ports, soybean imports continued to keep pace with prior projections. Estimates from some Chinese traders place December shipments at 8 MMT. Our estimate, based on telephone surveys with traders in eastern China, remains at 7.5-7.6 MMT for the month. In either case, the strong volume means that 2014 total soybean imports will reach 70 MMT, which would amount to a third consecutive year-on-year increase of 5 MMT.The early signs for the first q...
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.