General Comments: Lower and slower describes today’s grain and soy markets for the most part. Overnight trading saw barely more than 13,000 contracts of November soybeans and 6,000 contracts of December corn changing hands before the recess. Price changes during that session were modest with soybeans and corn down just slightly as wheat remained about unchanged. Grain prices tried half-heartedly to rally as the day session got underway, if for no other obvious reason than this is Tuesday when turnarounds often happen. Soybeans did not join in. The rally effort quickly ran out of gas, and prices mostly sagged into the red for the rest of the day, which is where they closed. The narrow daily trading ranges illustrate the general lack o...
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.