USDA's larger-than-expected spring wheat production estimate caught the market by surprise. Meanwhile, corn tagged along with the strong soybean market. General Comments Today was USDA report day, the end of the month and the end of the quarter. Grain and oilseed markets were generally softer overnight and ahead of this morning’s release of USDA’s quarterly stocks estimates and annual small grains summary. We are also of course about to head into the gut slot of the U.S. corn and soybean harvests. There just weren’t many reasons for anyone to get very brave buying or selling ahead of the reports and a harvest weekend.The quarterly stocks report was slightly bullish soybeans, at least not negative for corn and slightly bearish for wheat. T...
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.