GOOD MORNING, The market continued to respond to the USDA report on Monday with grains undergoing a round of long liquidation while shorts covered in some of their bean positions. Beans further popped yesterday following the announcement of a delay in new tariffs on China. As to talks, US Commerce Sec Ross said no date has been set for the next face-to-face China/US trade talks while adding that there was no quid pro quo from China regarding the US decision to put off tariffs on some Chinese goods. Bean bears are on guard now in case China does purchase some as a goodwill gesture. The political scene is getting very interesting in Argentina where President Macri could be challenged. Typically, Argentine...
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.