Soybean futures traded in a relatively narrow 8 cent range on both sides of Tuesday’s close before ending the session quietly with a small gain. As with corn, USDA’s March WASDE provided nothing to spark the soybean market’s interest, much less trigger any action. General Comments The market expected very little from USDA’s March WASDE, released today at 12 p.m. (EST), and it got even less than that. Changes to U.S and world supply/demand balances were few and far between. The principal surprise, if it can be called that, is that USDA left its 2015/16 export estimates for U.S. wheat, corn and soybeans unchanged, whereas most analysts expected minor decreases. The case can still be made that such reductions are due, but USDA apparently wan...
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.