A sizeable portion of increased global supplies will be in the hands of exporting countries. The U.S., Canada, Brazil, Argentina, the EU, Russia, Australia and Ukraine have produced or will produce large grain and oilseed crops that will far exceed domestic needs.We may not know today precisely what USDA's October U.S. and world crop production estimates will be in tomorrow's WASDE. Nevertheless, we can confidently assume that they will be very large and, in fact, historically large. USDA's October production and supply/demand numbers will reflect more new production and consumption records than we care to count. The world has never before experienced anything like the 2014/15 crop cycle. For the first time since such data has been compiled...
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.