With most outside markets trading higher today, grain and soy markets seemed poised for another “Turnaround Tuesday” rally effort. The best the corn market could do was a 2-3 cent trading range from which the March contract closed a quarter-cent higher. General Comments China’s manufacturing index fell to 49.0 in February, down from 49.4 in January. The decline was larger than expected, pushing the Shanghai stock index lower. However, this prompted China’s national bank to lower the amount of reserves that banks are required to hold, thus making more money available for lending. Other Asian and European stock markets were cheered by this, and indexes climbed higher. U.S. stock markets were buoyed by more signs that the U.S. economy is imp...
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.