THE OPEN May beans: 3 higher May meal: 3.80 higher May Soyoil: 2 lower May corn: 1 1/2 lower May wheat: 9 1/4 higher The market opened in line with trade expectations, as traders cleaned up positions into the weekend and report day next week. The markets were mixed at the open with soyoil turning into a two-sided trade, as profit-taking was noted for meal as well. Spreads in general saw a correction, as volumes are declining along with open interest as more traders move to the sidelines in the wake of the pandemic. For today, oilshare prices were steady/better as traders unwound prev. buy meal/sell soyoil trade. Prices were fairly subdued as a negative day of macro trade per...
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.