THE OPEN May beans: 1 1/4 higher May meal: 2.30 lower May soyoil: steady May corn: 3 higher July wheat: 2 1/2 higher Prices opened as called with soyoil prices turning to trade both sides of even as crude oil trades lower after the open. Wheat prices surged higher as the increase for US four demand increases, and US millers ramp up to full capacity as US citizens shelter in place. Stocks rallied after the open as the White House and Congress agreed on a $2 trillion emergency bill to rush aid to businesses, workers, and a health care system slammed by the Covid-19 virus. Grains gained on the soy complex as buy wheat/sell corn and bean trade continued for most of the trading session...
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.