Soybeans Market Overview The soybean market showed some movement for nearby positions last week as the Chinese looked to cover March, April, May and even some June needs from South America (i.e., Brazil). While April traded at +123K and then 120K CNF China, May positions traded 6 cents/bushel higher at 126K CNF. Nevertheless, good origination in Brazil pressured basis lower. WPI sources say last week saw origination of near 3 MMT between old and new crop campaigns. This would equate to around 50 Panamax vessels. Of course, a big part of that volume was local industry, but there was volume going to export as well. This could pressure CNF and FOB markets as offers were higher than demand last week. Brazil WPI’s projections peg Brazi...
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.