The overnight session was a low volume affair with corn and the soy complex doing very little in either direction. Meanwhile, winter wheat markets gave back some of yesterday’s gains. There was little by way of fresh news overnight. Argentina and Brazil’s Rio Grande do Sul remain very dry. A few scattered showers are possible in northern areas this coming weekend and a few more 11-14 days from now, but a drought-breaking rain event is not evident in any of the weather models. After 20-25 March, most Argentine soybeans and corn will be mature or too close to it for rain to be of much help. That other drought in the southern U.S. Plains remains unchecked with no relief in sight. Most HRW has emerged by now, and a soaking rain in t...
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.