The U.S. soybean harvest has progressed rapidly and the corn harvest more slowly. Meanwhile, winter wheat planting is plugging away at near the average pace. Dissatisfaction over prices has producers selling as little as possible, and futures markets have not had to withstand a great deal of hedging pressure. USDA/NASS will provide its updated yield and production estimates in next month’s WASDE (to be released 9 November) and its final numbers in the January issue. When its yield estimates go up or down in October, they have a moderate tendency to move in the same direction in November. Following that trend, the November corn yield estimate would increase slightly from 171.8 bushels/acre (BPA) and the soybean yield would decline sli...
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.