THE OPEN November beans: 1/4 higher December meal: 1.90 lower Dec soyoil: 40 higher Dec corn: 1 1/2 higher Dec wheat: 10 higher The markets opened as expected with initial buy grain/sell soy trade, and buy soyoil/sell meal. Some harvest pressure was noted for the bean market as clear weather signals good progress over the next 10 days. Rumors of Chinese interest kept prices from breaking too much, but the lack of buying interest and the beginning this week of liquidation / rolling of November futures weighed on prices. At 10:00 export inspections are as follows: beans: 1,677,068 mt vs. 1,296,558 mt week ago (vs. an expected 1,300,000 mt) wheat: 643,671 mt vs. 586,916 mt week ago...
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.