Corn and the soy complex shed value today, but wheat was bolstered mostly by poor crop prospects. Perhaps indicative was the CFTC’s Commitment of Traders report, which was released today instead of Friday due to the holiday. It showed speculators have increased their net short position in wheat by 11.5 percent to 58,482 contracts; cut their net long position in corn by 22 percent to 153,241 contracts; and cut their net long position in soybeans by 2.5 percent to 55,763 contracts. USDA’s weekly Grain Inspections report was also released and was mixed. Corn inspections came in at the top of trade estimates and more than double that of a week ago, but soybean inspections were down and wheat, which has been running lower anyw...
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.