Corn was under some selling pressure all day, and trading volume was above average. Another very strong day for the U.S. dollar also helped preserve the bearish attitude in wheat, which did manage a mini-rally into the close. General Comments Markets were again quiet overnight. Their general attitude remains decidedly bearish. This week’s USDA Outlook Forum projections did nothing to change that perception even though there were no significant surprises from what the trade was expecting. The marketplace is resigned to the fact that prices will remain bearish unless crop production is impacted by weather. The time when that can happen is still several months away, so there’s no reason to be in a rush to buy anything today.Outside markets 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.