U.S. Soy Export Sales Today’s USDA export sales report once again indicated exporters had great success selling U.S. soybeans in the week ending 1 October. Sales of soymeal also were positive, but sales of soyoil were disappointing. Net soybean exports sales last week totaled 2,590,700 MT, all for shipment in 2020/21. The top sales were for China (1,538,100 MT), Mexico (183,300 MT), Egypt (120,000 MT), Bangladesh (111,000 MT), and Vietnam (83,200 MT). Of the sales to China, 449,000 MT were switched from unknown destinations. Soybean exports last week totaled 2,068,600 MT and were primarily to China (1,385,200 MT), Mexico (101,300 MT), Vietnam (83,200 MT), Pakistan (70,300 MT), and Spain (67,100 MT). Total sales of soybeans th...
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.