Crude oil’s excitement of today did not spill over into grain or soy complex markets. Meanwhile, soybean export sales totaling 343,000 MT and the reports of more large-scale buying activity by China this week clearly show that price dips do bring in new demand. General Comments Reports from OPEC’s meeting in Algiers indicate that the cartel has decided to limit crude oil production in principle. However, this cap would apparently be set very close to the volume that OPEC members pumped during August, a level that would not appear likely to alleviate the global surplus. Nevertheless, this will be the first time since oil prices started to slide in 2014 that OPEC has decided to implement such a limit in an effort to prop up crude oil prices...
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.