Monday’s CBOT trade was essentially dedicated to the Grain Stocks report with pre-report trading seeing muted action and steady volumes while post-report trade saw a meaningful rally in corn and a pullback in soybeans. The report issued a surprisingly small corn stocks figure, which spurred the market higher, but the wheat and soybeans data were relatively neutral. Markets were also in a more bullish mood after Hurricane Helene brought strong winds, heavy rains, and massive flooding to areas around the Ohio River that will likely pare back yields from the region. The rains will stall harvest in areas that were not flooded out, though the storm did much to help refill water levels in the Mississippi River system. The big news for the...
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.