Historically small wheat acreage should result in sharply reduced production, which would seem likely to help lower burdensome wheat supplies for 2017/18. However, the outlook for shrinking the U.S. wheat surplus may not be as good as one might think.USDA’s estimates of U.S. stocks of grains and soybeans as of 1 September will be released 30 September. Its quarterly stocks estimates are always important because they provide a measure of the rate at which available supplies are being used up. The estimated stocks of U.S. corn and soybeans as of 1 September have the added importance of being the preceding crop year’s ending stocks, the statistical anchor for supply/demand analyses for the new crop year.Although subject to less attention, USDA...
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.