THE OPEN November beans: 7 lower December meal: 2.20 higher December soyoil: 88 lower December corn: 12 1/2 lower December wheat: 9 1/2 lower Prices opened as called but this being month's end, quarter-end and report day brought about further price liquidation. All markets turned lower at the open led by soyoil and corn, which has the largest length and therefore saw the most weakness. The daily price limits are 40c for corn, 45c for wheat, $1.00 for beans, $30 for meal, and 350 pts for soyoil. Funds entered the report long about 60K bean contracts, 229K corn, 7K meal, 50K soyoil, and short 21K wheat. Acres were up 6 out of the last 10 years for these reports. The USDA repor...
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.