Daily price action has become a technical affair with corn futures prices seemingly headed for a test of support near $3.63. Chicago March wheat has now fallen 15 cents this week so far and is nearing support at $4.67. General Comments If the pattern often seen during the past few months was followed, today would have been another Turnaround Tuesday with some or all of yesterday’s losses erased. Actually, prices did recover slightly during the overnight session with very low trading volume. However, those gains quickly evaporated. Most of the day session saw grain and soy prices mired in red numbers again with wheat and corn leading the way. Volume was somewhat better than the skimpy overnight trade, but it was still quite low.Quite simp...
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.