Soybeans put on the most impressive show today with non-commercial buying while corn managed to climb as much as three cents higher today. Wheat, on the other hand, was the lethargic contract today. General Comments The overnight session found the soybean market attracting some buying interest and prices moved 3-4 cents higher. The rub-off effect pulled corn up a penny as well. Winter wheat futures stayed barely red during most of the overnight trading but rallied above yesterday’s close at the trading recess helped by the influence of MGEX spring wheat, which gained 6-7 cents overnight. Soybeans continued to move higher and were up as much as 12 cents during the day session before November soybeans settled for a 10-cent gain at the close...
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.