Soybean, soymeal and soyoil futures were mostly all sharply steady today. There was small selling pressure into the close, but that only dropped prices a penny or so in soybeans and 20 cents in meal. Soyoil rallied slightly to finish with marginal gains. General Comments Markets were steady overnight in quiet trade. Today’s trade was much the same, except that Chicago wheat traded 3-4 higher much of the session while the other wheat contracts along with corn and soybeans just hovered around unchanged. Volume today was below yesterday but better than average.The other or outside markets also didn’t see any excitement. Crude oil hovered around unchanged to slightly lower, and U.S. financial markets were modestly higher much of the session,...
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.