GOOD MORNING, Today's price action is lower as beneficial rainfall blanketed the drier portions of Iowa over the weekend. In the west, moderate to locally heavy showers and storms crossed over the last 48 hours, while current shower systems are crossing Missouri and central Illinois. Soyoil prices are lower, tagging along with November palm oil futures, which were off 1.6 percent. The soy complex is tagging along with the Chinese Dalian Exchange values, where vegoil, bean, and corn futures ended the session lower. Corn continues to struggle due to poor ethanol margins and continuing low exports due to competition from South America. With all these factors in place, the markets are called lower this...
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.