Wheat was the upside leader at the CBOT on Monday, posting strong gains and rallying to new two-month highs. Bull spreading between wheat and corn/soybeans was evident and initially kept corn lower, but a later rally in corn helped push wheat even higher through spread trade. The soy complex traded a muted day on Monday after a 5.7 percent decline in Malaysian palm oil futures pressured CBOT soyoil. Still, soybeans and soymeal posted gains for the day, continuing the sideways/higher outlook. The weekly Crop Progress report showed U.S. corn and soybeans passing through the critical yield-determining phases, with nearly all the U.S. corn silking and 86 percent of soybeans blooming. Notably, over half the U.S. soybean crop is setting po...
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.