As the world's two largest soybean-producing nations, the U.S. and Brazil compete aggressively to supply the world's demand. Both countries have excellent farmland and farmers as well as access to the world's best technologies. However, Brazil may have a few other advantages. Poor Week for U.S. Soy Export Sales Today's USDA export sales report confirmed that last week was poor for U.S. soy export sales, at least for the current marketing year. It indicated net soybean export sales declined by 447,300 MT, mostly as a result of a 500,000 MT reduction in sales to China that included cancellation of 200,000 MT for 2014/15 and a shift of 300,000 MT to 2015/16. These changes plus decreases for unknown destinations (43,300 MT) and Panama (6,000...
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.