The soy complex led the CBOT higher while corn traded a mixed day and wheat continued to post new lows for its current move. Modest short covering occurred in soybeans and corn on Friday afternoon as traders pared bets ahead of what is likely to be a hot/dry weekend for major corn/soybean growing states. Few want to be holding fresh shorts ahead of a possible decline in crop condition ratings next Monday. Macro markets were also supportive as were rumors (but no confirmed sales) of Chinese interest in buying a host of ag products. U.S. weather patterns are of increasing importance to CBOT grain trade. By early next week, weather models will be able to offer mostly accurate forecasts of conditions for the first week of July – wh...
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...
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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.