The 31 March USDA planting intentions report confirmed what most analysts expected. The big question is whether the acreage reduction will be enough to appreciably change the U.S. corn balance sheet to a more bullish outlook.The 31 March USDA planting intentions report confirmed what most analysts expected. U.S. farmers intend to plant 4 million fewer acres of corn in 2017. The big question is whether that is enough of an acreage reduction to appreciably change the U.S. corn balance sheet to a more bullish outlook. The short answer is no. The longer answer is dependent on what the 2017 U.S. corn yield will be, and that will be all about weather.The table below is WPI’s very preliminary look at the potential 2017/18 U.S. corn supply and dema...
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.