THE OPEN Nov beans: 5 1/2 lower Dec meal: 2.10 lower Dec soyoil: 3 lower Dec corn: 1 higher Dec wheat: 3 higher Prices opened as called with corn posting new lows again for the move down. Trends for the day included buy wheat/sell corn and buy soyoil/sell meal. Oilshare corrected to the upside as meal charts worked back towards the middle of recent trading ranges. Traders continue to liquidate their corn length and may be getting on the short side of the market. Outside markets were taking a beating with the Dow off over 600 points, weighing on commodities in general, and crude oil specifically. Weaker outside markets did add some weight to what could be constru...
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.