Milling Wheat Wheat prices are steady/lower across Europe and the Black Sea to start the week with export competition and the advanced harvest progress keeping the markets on the defensive. Russian wheat prices were lower last week and are continuing that trend this week under strong export competition from Romania, and Ukraine. Russia’s Central and Volga regions are unusually cold and wet presently, which will likely dampen yields and lower the crop’s quality. Analysts have continually lowered their expectations of Russia’s wheat crop this year due to challenging weather. The USDA’s August WASDE lowered Russian wheat production from 74.2 MMT to 73 MMT due to dry conditions in the country. The country’s...
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...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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.