GOOD MORNING, This week is likely to feature more positioning in front of the November 8 WASDE report, to be released at 11:00 central time. Funds liquidated more bean length last week, and added to corn short positions. Look for more analysts trying to hone in on production and yield expectations. To that end, IEG Vantage raised their corn yield slightly to 168.6 bpa. vs. 167.5 bpa in the prev. report, which increased production to 13.792 bln bu vs. the prev. report at 13.695 bln bu. IEG Vantage estimated the bean yield to be slightly higher at 47.0 bpa vs. 46.5 bpa, with total production at 3.553 bln bu. Trade negotiations drag on, but the trade seems to be focusing on statements from the Chine...
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.