It is widely assumed that the November WASDE estimates for corn yield and production will likely be larger than October's. This assumption will grow stronger if reports of fabulous yields, similar to earlier accounts, continue during the next three-four weeks.The October WASDE has come and gone, and the U.S. corn production is "officially" 14.475 billion bushels, at least until USDA-NASS provides new production estimates in the November WASDE. That tops last year's corn production record by 550 million bushels. In hindsight, one of the most interesting aspects of the estimates for the October corn yield and production is how closely the trade was able to foresee what USDA would conclude despite all of the variables. The average trade guess...
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.