The CBOT ended on a mixed note to start the week as policy developments drove much of the day’s price action. News that Argentina is suspending soy product export registrations and that Russia is banning grain exports were supportive while a sharp decline in crude oil/energy values pressured markets. For the day, corn, soybeans, and soyoil ended lower while soymeal posted a fresh contract high and wheat futures settled mixed. Amid rising commodity prices worldwide, the risk of sudden policy shifts influencing world supply and demand is heightened. “Headline risk” will be a key feature of commodity markets this year and will add volatility to an already unstable environment. For the day, funds were net sellers of som...
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.