GOOD MORNING, Prices started the night session cautiously higher and have rallied further the last 15 minutes into the close on fund buying and better technical price action. Inverses are firmer as well, with spreads bouncing off their lows last week. Major trades include higher oilshare, as canola, palm, and crude all support soyoil futures. Wheat is higher on positive technicals with the base of trade holding in at lower levels. Also constructive news is Russia's plan to control food inflation by curbing grain exports, along with the possible same scenario by Argentina. Russia will begin taxing exports on Feb. 15, initially by applying a fixed tariff before switching to a formula-based system from June 2, wh...
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.