South American Weather Still Not Ideal for Soybean Crops In the last couple of weeks, the weather in Brazil has mostly been very good for that country’s soybean crop. Most parts of the soybean growing areas have received good rainfall amounts. However, there continues to be parts of the country that need more rainfall. That includes the states of Sao Paulo, Minas Gerais, and eastern Mato Grosso. Those areas received relatively little rainfall recently and had above average temperatures. Today, Refinitive Commodities Research’s 10-day forecast indicates the southern part of Brazil will have above-average rainfall and normal temperatures. However, the forecast is for the driest part of the country (Mato Grosso, Southeast and Nor...
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.