THE OPEN November beans: 1 higher December meal: 1.50 lower December soyoil: 25 higher December corn: 3 1/2 lower September wheat: 6 3/4 lower Prices opened on a mixed note with profit-taking with weakness in grains taking center stage. Funds came out selling corn at the outset, with wheat prices sharply lower triggering sell-stops in the market. At 10:00 export inspections are as follows: beans: 452,811 mt vs. 483,331 mt week ago (vs. an expected 500,000 mt) corn: 1,149,353 mt vs. 917,968 mt week ago (vs. an expected 900,000 mt) wheat: 500,607 mt vs. 659,727 mt week ago (vs. an expected 575,000 mt) Inspections for corn was over the higher end of expectations, bringing l...
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.