Today's trading of corn contracts was primarily preparation for USDA's 12 August reports. There is far less interest among traders in trying to trigger technical price action than to be ready for the volatility that is approaching. General Comments Between late September 2014 and yearend, there was a rather uniform rally in corn, wheat and soymeal. The nearby corn contract rallied around $0.75 from its September low of about $3.64/bushel to a high of approximately $4.40/bushel. Increased demand was credited in part for this rebound, but that reasoning was not entirely accurate as USDA's estimates for 2014/15 U.S. corn ending stocks averaged over 2 billion bushels during this period, and corn contracts sold back off to the prior lows from...
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.