THE OPEN November beans: 9 higher December meal: 1.20 higher December soyoil: 14 higher December corn: 2 1/4 higher September wheat: 1 3/4 higher The markets opened higher as called but there was certainly no panic from the bear as we started the day on a firmer note. Buy soy/sell grain trade was alive and well throughout the day, along with buy meal/sell soyoil trade. Technically speaking, the clear lack of follow-through to the upside for grains spoke volumes as traders remain largely bearish, building further short positions. But nervous soy complex shorts won the day as pullbacks into the midday hour remained well bid. Export inspections were released at 10:0...
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.