General Comments The overnight trade in grain and soy futures showed signs of a “Turnaround Tuesday” as prices slipped slightly below Monday’s closes, led by the soy complex. The fact that the soybean harvest had advanced faster than expected seemed to weigh on the complex along with forecasts of needed rains over north/central Brazil beginning next week. The day session found corn and wheat futures trading rather quietly on both sides of Monday’s closes, while soybeans and products continued with the overnight weakness without generally expanding it. At the close, corn and wheat managed to post small gains. However, soybeans closed down about 5 cents, soymeal was off $1.50-170, and soyoil followed weaker Malaysian...
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.