The Argentine soybean market mostly continued in the pattern set the previous week with old crop offers at $1.25 over November futures. However, new crop offers were slightly more aggressive this week as sellers are offering $0.42-0.45 over July futures for 15 April shipments. Soybeans The markets were active today with trading occurring for October and November positions. Demand primarily came from China looking at U.S. Gulf offers, although some Brazilian cargoes traded as well. Chinese buyers are active as domestic crush margins have improved and crushers typically start to look for these positions after the holidays. Brazil traded positions for October at $2.10 over November CBOT soybean futures CNF. Meanwhile, U.S. Gulf traded full O...
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...
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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.