With potentially smaller crops this coming season in South America due to delayed planting schedules, the question is how this will impact major ending stocks. Argentina and Brazil have not historically held carryover stocks in corn and wheat. That burden has been held by the U.S. However, these two countries have tended to be larger holders of surplus soybean stocks. Being the holder of carryover stocks imposes a cost burden that is only ameliorated in short crop years when the residual supplier can earn more money. South American farmers have been increasing their storage capacity over time. However, Brazilian farmers have reportedly forward sold a majority of their upcoming soybeans. The impact on competing suppliers will depend on the...
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.