Following yesterday's WASDE release, optimistic viewpoints allowed grain and soy markets to make a modest recovery today. Soybean and corn prices were up, and even wheat managed to post mostly green numbers. General Comments Traders and analysts have now had a day to parse and digest the changes made by USDA to its 2014/15 supply/demand estimates and its projections of U.S. and world supply/demand for 2015/16. If there is a "day after" consensus, it is probably a view that things are not quite as bleak for grain and soy prices as they seemed to be in the immediate wake of the report's release. USDA raised its 2014/15 U.S. corn carryout slightly, but it actually projects a 105 million bushel reduction in 2015/16.While USDA's projection of...
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.