Low volume, narrow trading ranges and slightly firmer prices characterized trade in the overnight session for grains and the soy complex. The heavy rains due over the Plains and parts of the Corn Belt will restrict harvest progress with country movement already limited enough that corn premiums are rising, and even the historically low cash soybean basis levels have firmed a bit. Light volume and narrow ranges carried over into the day session with little new to trade on. Weekly export sales were strong for corn, soybeans and meal but just routine for wheat. The Russian situation remains unclear with some government sources now denying that they are shutting down interior grain-loading facilities. Rumors followed by denials has been the pa...
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.