Milling Wheat Domestic prices in Russia were stable except for the $4/MT increase in the southern region, which is close to the Black Sea and Azov Sea ports, as the surplus there has been reduced significantly. Exporters are now forced to cover their commitments from sources located far from the ports. The transportation takes longer, and there is a deficit of railcars. As a result, this logistical bottleneck may cause the export pace to slow in coming months. Brussels reported that only 126,000 MT were exported last week, bringing the cumulative total to 14.3 MMT versus 18.6 MMT at the same time last year. At that pace and with current prices, the EU will probably only export close to 20 MMT compared with 24.1 MMT the previous year. Endi...
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 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...
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.