The CBOT opened in-line with expectations with continued firmness in corn and soybeans after USDA announced another round of daily export sales. Wheat initially traded lower but found late-day support to finish in the green. Global weather patterns are now not only concerning for wheat but increasingly Southern Hemisphere’s corn and soybeans too. Trading volumes were low, but funds remain slight net buyers on strong technicals and demand. Despite significant scientific or logical evidence to support its position, the Brazilian wheat industry group Abitrigo said it opposes the approval of GM wheat for processing/sale in Brazil. The announcement comes after Argentina recently approved a drought-resistant GM wheat variety for cult...
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.