Dow AgroSciences has decided to not release its Enlist soybeans for commercial production in order to prevent the soybeans from getting mixed in cargoes destined for China and thereby disrupting U.S. soybean exports to that country. Argentine Soymeal Headed to the U.S. With U.S. farmers in the process of finishing a record U.S. soybean crop harvest, one would normally not even consider the possibility that the U.S. would be importing soymeal from Argentina. However, that apparently is the case with trade reports indicating up to four cargoes have been purchased by animal feeders in the Southeast. Argentine trade sources told Reuters the soymeal will be shipped to the Gulf, but U.S. traders said the meal would be shipped to Wilmington, Nor...
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.