The CBOT was expectedly mixed ahead of first notice day and the USDA’s two major reports tomorrow. Traders were adjusting positions and paring back risk heading into the reports, with open interest declining. Soyoil lead the way higher overnight, which helped put a bid under the soybean market, despite analysts’ expectations for a moderately bearish report. Corn gained on wheat with the Minneapolis wheat market forming a major key reversal in the afternoon. Technicals matter little ahead of major fundamental reports, however, and the day had a feeling of quiet consolidation. Funds’ recent selling has taken most of the weather premium out of the market, which means it can easily be added back on a bullish report or a neutra...
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.