With enough corn and soybeans committed for export thus far in the marketing year to account for 98.5 and 83 percent of USDA’s projections, respectively, USDA will have to increase its export projections. The degree to which forecasts are increased, however, will depend on...The USDA reduced the U.S. soybean export forecast in its March WASDE report by 25 million bushels which was a small surprise to the market. The soybean export pace has been so strong that many analysts had been looking for an increase in the export forecast, not a reduction. The level of soybean export sales has backed off from the aggressive pace of 45 to 60 days ago as the South American crop has started to become available, but sales would have to drop to zero to hol...
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.