After soy and corn prices recovered yesterday from deep early losses to close solidly higher, markets were unprepared for the unexpected rains and milder prospects beyond this week’s heat. Recent days have seen prices swing up and down rather wildly as each weather model run was dissected. General Comments Yesterday’s unchanged and still lofty weekly corn and soybean crop condition ratings should not have surprised anyone following last week’s weather. When better-than-expected overnight rains and predictions of somewhat cooler temperatures next week were added, speculative longs were caught out of step. This week will see oppressive heat over the Plains and much of the Midwest, but improved soil moisture conditions bolstered by rainfall...
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.