India's declining soybean production and rising consumption have resulted in a steady growth of its vegoil imports in recent years, which Oil World has estimated will increase by 31.5 percent over imports in 2011/12. U.S. Soybean Crop Problems Centered in Missouri Yesterday's USDA crop progress report clearly shows that Missouri is the center of the U.S. soybean crop problems this year. It indicated that only 73 percent of the state's planned soybean plantings had been completed as of 5 July. That was up from 62 percent last week, but it is far below the previous five-year average of 97 percent and last year's 94 percent. The report further noted that only 60 percent of Missouri soybeans had emerged as of Sunday, down from the previous fi...
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.