Argentina again traded a full May shipment last week at +99 SN CNF China, a decrease from the last trade at +110 SN for an April shipment. Considering that Brazilian beans for April and May shipment are quoted at 65-70 SK, Argentina should be offered somewhere close to 20 SN to be competitive. Soybeans The trend in global markets seems to have changed as they appear to have found a bottom and are gradually rising after dropping nonstop. China was actively buying beans, giving good support to the market. In any case, most of the movement was in the U.S. where the Gulf (USG) and Pacific Northwest (PNW) have been selling and shipping constantly.In fact, due to the excellent weather that allowed grain loadings and aided the huge export progra...
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.