Grain and soy markets were quiet with little change in prices overnight. Soybeans were down 1-2 cents, corn was unchanged to fractionally lower, and Chicago wheat was up a penny or less. Volume was quite low. The day session opened with most prices staying close to where they were at the trading recess. The exception was Chicago wheat, which firmed in reaction to word that Egypt had purchased 120,000 MT of U.S. SRW. Corn and soy prices gradually eroded into larger losses as the close approached, and even Chicago wheat closed slightly lower, notwithstanding the Egyptian sale. It was a red number day for agricultural markets across the board. In addition to the grain and soybean losses, cattle and hog futures closed lower as did Winnipeg ca...
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.