Though they closed higher, volume was down in corn and soybeans and wheat shaved off some more excess value. The truth is there is just not much to move the market right now. The lower value of the dollar plus rising equities and oil provides some outside support but the fundamentals are stable. The bull market is fading, not disappearing, and speculative money continues to trickle out. However, the Black Swan event could be right around the corner. The Saudi Arabian energy minister warned that the coming months could become more painful. It is already painful enough that a group of U.S. Congressional liberals proposed (and then withdrew) a request that the White House negotiate with Vladimir Putin. Russia has destroyed part of Ukrai...
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.