Overnight trading once again saw corn and wheat futures prices reluctant to move very far away from the previous close. Soybeans traded higher briefly, but prices reversed and headed lower during the wee hours. Trading volume was also once again unimpressive. The day session found wheat and corn prices headed lower, which is where they stayed most of the time. The drop in soybean prices accelerated, down as much as 14.5 cents at session lows. While recovering from their deepest losses toward the close, the January contract still finished down about 10.75 cents and back well below the $10.00 mark. Soymeal was a big drag on soybeans with January meal closing down $6.90. Soyoil ignored the overnight dip of Malaysian palm oil prices with Januar...
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.