Soybeans Argentina It was a quiet week in the soybean market. There are still players with long positions who are offering their final cargoes of what is apparently a very short campaign. After the last trade reported at +66N for April, offers remained at +72N for April and May with +75N for June, but demand has been absent so far. It seems there are no short positions in the Argentine FOB market for the moment, so demand will only reappear when Argentina becomes competitive against Brazil and the Pacific Northwest (PNW). Meanwhile, Argentina can sell cargoes at the CNF market for May, June or July at around +175N. This level is not very competitive, though, considering that Brazil can sell June at +177N and July +185N. That country&rsqu...
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.