Early firming of prices in the overnight session had some traders hoping that Turnaround Tuesday had been postponed until Wednesday due to the holiday. However, it was not to be. After the beating they took yesterday, wheat futures did hold a few cents higher at the trading recess, but corn and soybean prices were within fractions of yesterday’s closes. In the absence of fresh news or other inputs, overnight trading was quiet and low volume. That trend continued during the day session as corn and soybean futures slowly drifted lower with wheat prices extending their early losses. The usual Wednesday energy and ethanol report is delayed until Thursday, and the weekly export sales report normally out on Thursday will not be available u...
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.