General Comment Markets were all steady to slightly higher in overnight trade, and volume was considered average. This is report week again, and USDA will release its November crop production/revised WASDE on Thursday morning. This will be the last corn and soybean yield/production estimates until the “final” numbers are released at the end of January (USDA/NASS doesn’t update yield estimates in December). USDA announced the sale of 130,000 MT of corn to unknown. There is some market noise that Iraq might purchase up to 1 MMT of U.S. hard red winter wheat. U.S. equity markets were slightly higher. News that Broadcom made a $103 billion offer for Qualcomm pushed the NASDAQ to new highs. If this is concluded, it wou...
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.