Yesterday's weekly soybean export sales number of nearly 2 MMT was the last straw that took futures briefly back above $10.00. Wheat futures seemed to sit back and watch the action in corn and soybeans much of today's session. General Comments Markets started higher again in the Thursday evening session, led by good gains across the soy complex. All of the nearby soybean contracts traded at or above the $10.00 level. Those gains started to fade by early this morning, and markets turned lower when the regular day trading session started.This has been a wild week in the soy complex. Soybean and soymeal futures have been very strong in volatile trading. It has been a combination of fund buying, sponsored in part by very strong demand for bea...
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.