The CBOT was sharply lower overnight and in early-day trade, thanks to rising political tensions between the U.S. and China. Reports say Chinese vice-minister Feng told the U.S. deputy Secretary of State that U.S.-Sino relations face “serious consequences” after reaching a stalemate. Soybeans took the brunt of that bad political news and sold off sharply. By day’s end, however, higher soyoil and a strong round of end-user buying in soymeal had pushed soybeans to a higher close, forming a technical reversal for the day. Corn futures were higher as well, though that market lacked conviction and seemed to be following soybeans higher. Funds were modest net buyers ahead of a week forecast to be hot and dry across the 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.