Corn again struggled to follow the strong rallies in wheat and soybeans today. The trade apparently believes the wet conditions haven't affected corn acres or ratings, although the market is talking about a slight drop in the latter. General Comments Markets were mostly mixed overnight, but wheat and soybeans opened higher with corn not showing much action. The soy complex continued to build some steam and pushed to double-digit gains. Wheat followed soybeans, while corn continued to trade sluggishly. It took gains of 15-16 in soybeans and 10-14 in wheat to push corn 3-4 higher. Fund buying in soybeans was fueled by concerns about weather as well as acres and crop ratings. The same issues surround the U.S. winter wheat crop as the harvest...
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.