General Comments For grain and soy futures markets, it was another day of more of the same low trading volume, narrow price ranges and not much interest in either buying or selling futures contracts. At least traders had this morning’s weekly export sales report to ponder, which was more than they had to think about yesterday. Overnight price changes were insignificant. November soybeans traded in a mere 2 cent range overnight, a range that expanded to around 8 cents during the day session before soybean contracts closed down about 4 cents. Soymeal futures finished off $3.00-3.30, and soyoil closed 23-26 points higher. December corn could muster only a 2.5 cent price range, and corn futures closed lower by fractions. Chicago wheat t...
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.