U.S. Soy Export Sales Anyone who expected today’s USDA export sales report for the week ending 3 January to be positive for the soybean sector had to be disappointed. Considering it included much of the period between Christmas and the New Year, it is not surprising the data was lower than might be hoped. The report indicated net soybean export sales for 2018/19 shipment declined by 612,000 MT, a marketing year low. The sales, mostly to Mexico (146,100 MT), the Netherlands (81,900 MT), Pakistan (72,600 MT), South Korea (60,900 MT) and Germany (56,600 MT), were more than offset by reductions of 807,000 MT for China and 444,000 MT for unknown destinations. Those sales for shipment in 2019/20 totaled 1,100 MT, all to Japan. Soybean exp...
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.