GOOD MORNING, Prices continue to hammer out trading ranges heading into the end of the month, starting lower in the night session but reversing course to trade higher. The "easy" money now seems to have come to an end as volatility increases. The seasonal Jan/Feb. timeframe has arrived with a vengeance, as new shorts enter and old bulls fight it out. Weather has normalized a bit in SA, and Chinese buying, demand, and harvest are in front of us. The markets are looking to head into wide sideways ranges now, with the only question being, is the downside over? This correction from the top has been deeper than the ones preceding it, but until funds dump 2/3 of their position and rallies are met with selling...
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.