After yesterday's major market washout, some sort of recovery bounce was to be expected today, and that is exactly what the market provided. General Comments The chatter about USDA's surprisingly high corn and soybean yield and production estimates continues. Much of it revolves around expressions of doubt and disbelief coming from those who had convinced themselves that USDA would instead lower yields and production levels below the July projections. The doubters (closet bulls?) argue that USDA has over-estimated both corn and soybean yields and that lower estimates will show in future WASDEs. We also hear doubt being expressed over USDA's increased estimates of Russian and Ukrainian wheat production that led to a record-large world whea...
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.