THE OPEN November beans: 5 1/4 lower December meal: 1.00 lower December soyoil: 21 lower December corn: 4 lower December wheat: 5 lower Markets turned lower on follow-through from yesterday's technical rally failure combined with more negative rhetoric in the US-China trade war. The catalyst for lower trade was the announcement that China would raise tariffs from 5 percent to 10 percent on about $75 bln worth of US goods, including beans and crude oil on Sep 1 and Dec 15, and would resume 25 percent tariffs on autos. The markets took the comments more or less in stride until negative Trump tweets afterwards created another nosedive in the stock market and bean complex. ...
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.