Markets of nearly every type were lower in quiet holiday trading. Wheat tried to resist the downside pressure in corn and soybeans and was mostly successful, finishing the day with just small losses. General Comments Markets of nearly every type were lower in quiet holiday trading. A big part of the world was still on holiday today with London and Canadian financial markets closed for Boxing Day. Financial markets were still worried about weaker oil prices. Crude oil was down just over $1 a barrel today. Remember when the world was begging for cheap energy? Now seems to be the major bearish input. Some rain in Brazil pressured the soy complex last night and today, and much more is in its extended forecast for the week after the New Year’s...
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.