GOOD MORNING, Prices are higher across the board to begin the day on a technical correction. The funds remain big grain shorts and near record corn shorts. Chatter is that China may have purchased US corn, and weather is trending warmer and drier next week. Current prices factored in stable ratings which were noted in crop progress tables. Funds purchased 15-20K corn yesterday, which created a nice close, and there is upside follow-through this morning. Funds also purchased 4500 soyoil yesterday which added to oilshare firmness. Meal prices hit a new trading range low of $287.50, with a steady morning tone. The June Stocks/Acreage report is out at 11:00 Chicago time. ...
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.