While grain and soy futures markets could not mount a successful rally yesterday as most outside markets did, prices for grains and the soy complex (except for soyoil) did manage to move higher today with much of the impetus coming from noncommercial short covering. General Comments The U.S. Energy Information Administration(EIA) reported that U.S. stocks of crude oil grew by 10.4 million barrels last week. That increase is about four times larger than analysts expected, pushing crude oil futures prices into quick retreat. However, the oil market is up about $7 from its 2016 low with most of the catalyst provided by hope for some sort of multinational agreement constraining oil production. Also helpful to the rally, though, has been trad...
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.