Soybean futures traded both sides of unchanged until the last hour or so of the session when they turned decidedly higher. Meanwhile, corn was weak overnight as well as today. General Comments Markets followed the pattern that has transpired over much of the last few weeks. Soybeans were up in the night session, while corn and wheat were lower. That same pattern held throughout most of today's session with soybean futures trading both sides of unchanged. Soybeans rallied in the last hour of trading, which brought corn and wheat futures well off their lows.There was no fresh news or export sales announcement today. USDA will release its production updates as well as supply and demand revisions Monday. Most are looking for increases in corn...
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.