Overnight trading volumes were not impressive, and this pattern continued during the day session. Noncommercial support sent soybean futures prices up 12 cents at session highs before they fell back to close 7.75-8.75 cents higher. General Comments Financial markets were shaken by this morning’s horrific terrorist attacks in Brussels where dozens were killed and many more injured. As usually happens in such circumstances, there was a flow of money into so-called safe investments such as gold and the U.S. dollar. COMEX gold was up more than $16 at one point before retreating thereafter to finish up only about $4. The U.S. Dollar Index was up about 37 points. U.S. stocks were little changed.Overnight grain and soy trade saw prices trade hig...
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.