Ongoing weakness in crude oil and financial markets put more downward pressure on grain and soy futures prices overnight. Then the mid-session rally of the outside markets probably helped pull them off session lows, but not high enough to avoid another day of losses. General Comments Ongoing weakness in crude oil and financial markets put more downward pressure on grain and soy futures prices overnight. Wheat again led the way, adding the pressure of lower world wheat prices and fresh lows for Paris wheat contracts from the weaker outside markets. Lower offers for French wheat, German hard wheat and feed wheat were an indication that the search for fresh wheat demand was not meeting much success. This same pattern continued during the ea...
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.