Technical support helped soybean futures prices bounce off of session lows by 4-5 cents as they traded both sides before closing. Meanwhile, wheat futures prices continued to slide lower, primarily due to certain rainfall expectations. General Comments It was largely a quiet and uneventful day of trade in grain and soy futures as prices continued to slip lower. Outside markets are of no help with nearly all of the macro-indicators pointing downward. The U.S. dollar lost ground again with the ICE index down 15 points. Crude oil fell more than $1.00/barrel as the U.S. Energy Information Administration (EIA) reported another substantial increase in U.S. oil stocks, the 12th gain in the last 14 weeks. However, oil prices recovered enough to c...
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.