The questions now to be answered are how much wheat will Russia export by the end of January and how much of the world's 2014/15 wheat demand, which it potentially might have filled thereafter, must be shifted to other origins.Russia's announcement during the Christmas holiday that it would begin imposing a tax on wheat exports starting 1 February came as no surprise. For three weeks or more, world wheat traders had been expecting the Russian government to intervene in some way to limit those exports. The plunging value of the ruble versus the U.S. dollar and strong demand from exporters were pushing internal wheat values priced in rubles sharply higher. Even though FOB export values for Russian wheat priced in U.S. dollars remained fairly...
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.