Trends at the CBOT continue to diverge with wheat futures rallying sharply on fresh Chinese interest in U.S. SRW wheat. The wheat market has been the upside leader for the past several sessions as a combination of growing bullish fundamentals and aggressive fund short covering lift the market. Corn futures were higher Tuesday as well, due partly to spillover buying from wheat and partly from pre-WASDE positioning. The soy complex remains the laggard for December with rains in Brazil pressuring the soybean market and weakness in palm oil and crude oil weighing on soyoil. The December WASDE is looming on Friday and traders will increasingly be adjusting positions in expectation of what the report will hold. Trade the rest of the week looks ch...
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.