Pakistan's soybean imports have substantially increased this year with USDA expecting that volume to more than double in 2015/16. The surge is being driven by several factors. Dakota and Minnesota Soybeans Moving to Eastern Corn Belt Crushers Most of the soybeans grown in the Dakotas and western Minnesota are usually shipped to Pacific Northwest (PNW) ports with relatively few moved east. However, that volume has been reduced this year due to a lack of demand on the West Coast because of larger South American shipments to Asia On the other hand, demand has been very strong this summer from soybean processors in the eastern Corn Belt as they have had exceptionally strong soymeal demand and good crushing margins. They have also had to pay a...
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.