GOOD MORNING, Prices are lower this morning as funds remain long across the board and decide to lighten up a bit heading into tomorrow's September 30 stocks report. Grains turned around yesterday led by wheat, with talk from Russia's Ag Ministry stating that export restrictions may be applied once more despite good crop production on the way. That said, wheat is lower this morning. Soyoil is lower as palm oil is down nearly 2%. WEATHER --A fall chill sets in for the US Midwest as temperatures drop, but the 8/14-day appears to offer up another chance for warmer and drier weather. Scattered rains are seen across Ill, Mo., Ind., while the western Corn Belt remains wide open for harvest. --Argentina...
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.