GOOD MORNING, Prices are mostly higher led by beans, and a good recovery in soyoil futures. The catalyst for higher trade in beans is the weather, which remains dry in South America, and ideas that China will continue to buy. Comments from Brazil's AgRural indicates that the absence of rainfall for a healthy start could affect the final supply, which may be smaller. Funds continue to add to long positions daily on the perception that demand remains robust, which could be reflected in the upcoming USDA report. Estimated tallies indicate that funds may be long a record 250K beans, 87K meal, 94K soyoil, 165K corn, and 45K wheat. The ongoing interest to own commodities in front of the October report on Fri...
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.