The CBOT was mixed in quiet trade to start the week with traders looking at the U.S. and EU weather forecasts for supply-side guidance ahead of Friday’s WASDE report from USDA. The U.S. and EU weather forecasts are largely unchanged from last week and feature hot, dry conditions for the U.S. Plains and western Europe. This should continue supporting grain values. Conversely, Ukraine’s grain exports are picking up pace with 10 vessels ready to set sail, which is pressuring market psychology on the margins. WPI notes, however, that the grain aboard is of questionable quality and the country’s ability to follow up these shipments with more grain in a timely manner remains doubtful. Overall, the day was one of mild sprea...
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.