THE OPEN Nov beans: 2 1/2 higher Dec meal: .80 higher Dec soyoil: 3 higher Dec corn: 3 higher Dec wheat: 3 1/4 higher A higher soy complex trade was noted at the open led by soyoil futures which finally triggered buy-stops when prices took out recent highs. Short-covering continues in the soy complex while grains seem to tread water. Later in the session, September wheat tacked on fresh recovery gains with trade over $5.00. Buy soy/sell corn trade continued in a general theme of end-of-month profit-taking. At 10:00 export inspections were released as follows: beans: 1,031,477 mt vs. 560,856 mt wk ago (vs. an expected 400-800 good) wheat: 390,730 mt vs. 44...
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.