Soy Export Sales Highlights The week ending 17 December was not a good one for U.S. soybean export sales, but not a bad one for soyoil and soymeal export sales. Next week’s report also is likely to be less than positive because of the Christmas season. Net soybean export sales for MY 2020/21 were 352,800 MT, but that partially was a result of reductions in sales to unknown destinations being reduced by 791,300 MT. The top sales were for China (526,400), the Netherlands (139,000MT), Egypt (95,700 MT), Japan (75,000 MT), and Spain (71,800 MT). Sales for shipment in 2021/22 totaled 165,000 MT, all to unknown destinations. Soybean exports last week totaled 2,518,400 MT. The top destinations were China (1,374,600 MT), Egypt (192,700 MT),...
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.