GOOD MORNING, Corn prices continue to roll on to the upside with new contract highs, with May over the $6.00 benchmark. Corn futures follow higher Dalian and Matif corn, which were up 1% this AM. Higher prices are on the back of extremely cold temperatures which may slow germination. Prices remain strong which tells farmers to plant all they can. Some traders feel that there will not be enough corn acres planted due to higher input costs and trouble getting new seed. Basis remains strong as end-users seek coverage. Consumers are looking for supplies which are tight, which supports cash and implies that rationing still has to occur. Wheat futures rally on global weather concerns and hi...
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.