The Market They're up, they’re down, they’re up. It was a yo-yo week, though ultimately ending 64 cents higher for November soybeans, and trading hit a six-week high price. There were lots of influences including Russia’s off and on concession to a grain corridor, disruptive demonstrations in Brazil, higher energy prices, macro-economic growth, etc. Yesterday was the only down day for soybeans in the last nine trading sessions. December meal had a loss of $5/ST, and a 5.38 cent gain for December soyoil. Russia caused some of the volatility by initially saying it was suspending the Black Sea corridor agreement for exporting Ukrainian output, and then retracting the position mid-week. The 7.5 percent weekly gain for...
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.