After yesterday’s news that Russia moved as many as 10,000 troops away from the Ukrainian border in Belarus, NATO commanders refuted it, saying they see no evidence of Russia backing down. That helped put a bid under the CBOT, though enthusiasm for adding a “war risk” premium back to wheat futures was decidedly lacking. It seems the market feels these rumors are overplayed without material escalations in the standoff. Another factor pressuring the wheat market is the fact that Ukrainian and other Black Sea traders note grain shipments from the region have so far been unhampered by Russian navy exercise. Until wheat and grain shipments from the Black Sea see material, adverse impacts, the futures market(s) is likely to igno...
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...
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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.