The corn market tried to follow wheat's early strength but could not generate enough serious buying interest to make a go of it. Soybeans were weak all day on mostly commercial considerations. General Comments With currencies tumbling and rumors swirling, markets had plenty to chew on today. The plunging Russian ruble had wheat markets on edge with rumors that Russia's government might be forced to take action to slow or stop wheat exports in order to conserve supplies for domestic use as well as force down domestic ruble prices for wheat and flour. As well, there was chatter that China would soon approve the MIR162 GMO trait in corn and DDGS. Its ban against imports carrying that trait brought shipments of U.S. corn and DDGS to a halt in...
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.