GOOD MORNING, Price trends this AM are not much different from last week, as grains leak lower while the soy complex works higher. Meal futures trade at the bottom of the range, soyoil futures at the top. The Commitment -of-Trader's report reflects these spread trades. COT The Commitment-of-Trader's report for futures/options combined as of Oct 22 SHOWED managed money disaggregated as follows: Beans: net long 68,822 Soyoil; net long 67,620 Meal: net short 21,209 Corn: net short 76,055 Wheat: net long 12,099 Funds added to bean length and corn shorts, balancing out positions on each end. WEATHER Wet weather in the Midwest remains problematic for bringing in late crops as a strong system wi...
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.