After early weakness, most corn futures contracts closed unchanged or near thereto. Meanwhile, in the face of all the macro turmoil, soy complex futures performed rather well. General Comments The National Oceanic and Atmospheric Administration’s (NOAA’s) latest outlook for the current strong El Nino has it weakening more slowly than expected. It indicates the weather pattern will linger on until the fourth quarter of 2016. In late 2015, many private forecasters were predicting a rapid decline of El Nino with a La Nina showing up by mid-summer. The NOAA outlook would appear to preclude the development of a La Nina so quickly. If El Nino does linger on through the summer of 2016 as it slowly weakens, this would seem to reduce chances of a...
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.