The 30 June reports on acreage and quarterly stocks are already affecting grain and soy markets a week in advance. The apparent decline in crop conditions and the unknowns of those reports are encouraging noncommercial shorts to cover some of their positions. General Comments There were all sorts of things swirling around grain and soy markets today. Greece proposed some relatively austere reforms in response to pressure from other eurozone countries, and the International Monetary Fund (IMF) offered hope of funding for its latest debt crisis. The measures proposed are likely to be very unpopular domestically, and they merely delay the problem rather than resolve it. That news together with a statement by a high U.S. Fed official that the...
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.