NOPA Members’ Record August Crush The National Oilseed Processors Association (NOPA) yesterday released its August soybean crush report. As expected, it indicated members crushed the largest amount ever for that month at 158.885 million bushels (4.32 MMT). That was down from 167.733 million bushels (4.57 MMT) in July but up 11.6 percent from 142.424 million bushels (3.88 MMT) in August 2017. The September 2017-August 2018 NOPA crush volume was 1.929711 billion bushels (52.52 MMT), which suggests the total U.S. soybean crush volume was about 2.053 billion bushels (55.88 MMT). NOPA members reported having 1.623 billion pounds (736,188 MT) of soyoil in stock at the end of August, down from 1.764 billion pounds (800,145 MT) at the end o...
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.