While Russian Agriculture Minister Alexander Tkachev denied that his country's newly announced ban on U.S. corn and soybean imports was in any way politically motivated, it does coincide with the beginning of new crop soybean shipments from South America. Russia’s Ban on U.S. Corn and Soybean Imports After the announcement yesterday by Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) that it would implement a ban on all U.S. corn and soybean imports as of 15 February, Russian Agriculture Minister Alexander Tkachev denied that this was in any way politically motivated. Supposedly, it was prompted by inspectors finding maize dry rot in corn and weed seeds in soybeans shipped from the U.S. The b...
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.