The bearish news was all on the supply side. 2014 was a year of record world crop production, which couldn't have come at a better time with world supplies of feed grains and wheat still at minimal levels and U.S. supplies of soybeans down to barely pipeline levels.We are about to close the books on 2014, and it has been another volatile year with big price spreads. Below are the annual highs and lows from the lead month continuation charts:Chicago Wheat High - $7.35 (5 May)Low - $4.66 (22 September)Today's close - $6.1425Corn High - $5.19 (5 May)Low - $3.18 (29 September)Today's close - $4.125SoybeansHigh - $15.36 (19 May)Low - $9.04 (29 September)Today's close - $10.495The bearish news was all on the supply side. 2014 was a year of record...
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.