THE OPEN November beans: 5 higher December meal: 1.80 higher December soyoil: 13 higher December corn: 3/4 higher December wheat: 1 1/4 higher The market opened in line with expectations with the largest gains in beans on rumors, (not confirmed), for business, as well as those needing to place catch-up pricing ideas. Buy soy/sell grain trade was noted as well as farmers that are attending to corn pricing activity vs. beans. At 10:00 export inspections were released as follows: beans: 2,157,012 mt vs. 2,004,867 mt (vs. an expected 1.2-2.2 mmt) corn: 632,184 mt vs. 884,157 mt (vs. an expected 650-900 kmt) wheat: 514,086 mt vs. 678,715 mt (vs. an expected 400-650 kmt) Grain inspe...
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.