Soy Export Sales Highlights Today’s USDA export sales report was positive for soybeans and soyoil, but not so much for soymeal sales. However, soymeal exports were postive. Net soybean export sales during the week ending 18 June totaled 601,900 MT for 2019/20 and 560,700 MT for 2020/21. The top sales for 2019/20 were for China (172,500 MT), unknown destinations (92,000 MT), Egypt (67,200 MT), Spain (55,000 MT), and Algeria (35,000 MT). The top sales for export in 2020/21 mainly were for China (393,000 MT), unknown destinations (66,000 MT), Switzerland (60,000 MT), and Taiwan (25,800 MT). Soybean exports last week totaled 302,400 MT, 19 percent below the past four-week average. The top shipments were to China (83,800 MT), Egypt (57,2...
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.