The CBOT finished the week on a mostly higher note with corn, soybeans, and wheat all posting gains on Friday. Trade continues to be choppy and two-sided with low volume as traders pare back risk appetites amid the Russia-Ukraine war and next week’s USDA reports. The hog market, however, posted large gains to end the week with June and further deferred futures scoring new contract highs amid another $5-7 move higher in the cash market. For the day, funds were net buyers in corn and added 8,000 contracts to their position. Funds also bought some 6,000 contracts of soybeans and a modest 3,000 contracts of CBOT wheat. Managed money traders finished the week buying 7,000 contracts of soymeal while selling some 2,000 contracts of so...
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.