THE OPEN November beans: 3/4 higher December meal: .70 lower December soyoil: 1 higher December corn: 1 lower December wheat: 6 lower Prices opened the day on a mixed note, turned weaker to post new lows for the move down, and found some short-covering and bottom-picking as prices took out short-term support. Cooler temperatures will continue to slow maturation as crops head to the finish line. More cool weather will move into the Midwest next week, which prompted a bit of a rally in order to dial in more weather premium. However, the choppiness at the lower end of today's trade signaled potential bottoming price action, more than not, as end of week profits were booked. Fro...
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.