WHEAT Lack of rains and soil moisture is still complicating wheat planting and the expected record crop may not happen. The Buenos Aires Grain exchange reduced their estimations from 6.8 to 6.5 Mha in the last month and the Rosario Grain Exchange from 7 to 6.6 Mha. The nucleus area will end with 8 percent year on year reduction. There are still more than 1 Mha to be planted and some areas are not yet suitable to for planting (mainly west of Buenos Aires and La Pampa). Crop condition is 60 percent fair and 18 percent poor. Almost 60 percent of the crop has poor moisture conditions although a little bit better than a week ago thanks to some small and insufficient rains (5-10 mm in some areas). Some weeks ago, we predicted old c...
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.