Yesterday it was the wheat market putting on a sharp rally as funds moved to cover some of their vast short position. Today it was the soybean market’s turn. General Comments Yesterday it was the wheat market putting on a sharp rally as funds moved to cover some of their vast short position. Today it was the soybean market’s turn. May soybeans jumped 14.75 cents higher, and the November contract gained 13 cents amid active noncommercial short covering.The soybean rally was triggered by the impact of political turmoil in Brazil. Police raided the home and office of former President Lula da Silva as part of the ongoing Petrobras corruption investigation. He has not been charged with a crime, but it is rumored that he may face an indictment...
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.