Overnight trading in grains and the soy complex was slower and lower with modest losses across the board. There was more chatter about the potential for some move by the Russian government to restrict wheat exports. General Comments The U.S. Dollar Index roared to a new high, and this set up commodity markets including grains and the soy complex for a general price lashing. Without any change in its bearish fundamental outlook, NYMEX crude oil gave back almost all of Monday's gains with the January contract falling back below $67. Precious and industrial metals fell with gold off more than $20. Cotton, sugar and cocoa were down. U.S. stocks were higher along with the U.S. dollar.Overnight trading in grains and the soy complex was slower a...
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.