Soy Export Sales Highlights Today’s USDA/FAS export sales report indicated a sharp uptick in export sales of U.S. soybeans in the week ending 10 December. Soymeal export sales also were up from the previous week. Net soybean export sales last week for shipment in 2020/21 totaled 922.300 MT. The top sales were for China (919,700 MT), Mexico (225,300 MT), Indonesia (105,600 MT), Vietnam (103,200 MT), and Thailand (95,400 MT). Those sales and others were partially offset by a reduction for unknown destinations of 817,900 MT. Sales of soybeans for export in 2021/22 totaled 94,000 MT and were for China (66,000 MT) and Mexico (28,000 MT). Soybean exports last week totaled 2,589,400 MT. The destinations were primarily to China (1,702,100 M...
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.