Argentina's soybeans showed some movement this week in the new crop market with one cargo traded at +43 SN for a 15 April position. Meanwhile, Brazil traded some beans for February, primarily CNF at 149-151 SH to China. Additionally, there was some movement on April/May. Soybeans Confirmation of the huge U.S. crop has definitely been bearish for the market. CBOT has been dropping gradually, and nothing could make it rebound. In addition, CBOT basis have been falling as well. Pressure from barges first forced basis lower, while the lack of demand drove elevation down. Chinese crushers have been taking beans but only at a slow pace. This enabled crush margins to improve at destination as Dalian futures were firm despite the weakness 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.