2016 will be another big wheat production year. The question will be how quality wheat separates itself from the voluminous amount of feed wheat, but there is an obvious answer.The funds have maintained their record or near-record short position in the Chicago wheat futures for a long time. The chart below shows the history going back to the mid-1990s. That short is the result of four consecutive record or near-record world wheat crops. 2016 will be another big wheat production year with larger crops in the U.S., Black Sea, Canada and Australia more than offsetting a significant decline in the EU, particularly France.World wheat ending supplies will expand again in MY 2016/17 based on what is known today. There was roughly a 75-day supply o...
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.