Despite Argentina's high premiums, Brazilian buyers procured corn at $130 over the December contract for delivery in October and November. A large concern for Argentine exporters going forward is that Asia and North Africa cannot afford to pay such premiums, but that will likely benefit two other suppliers. Soybeans Argentine new crop soybeans showed a stronger position after two cargoes were traded at $110 over the July contract (FOB parity $40-43 over July) for shipment between 15 April and 15 May 2017. Last week the same positions were traded at $104 over July while Brazilian soybeans traded $126 over the May contract. That implies a discount of only 22 cents, although it usually ranges between 25 and 35 cents. This week Brazilian buy...
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.