THE OPEN March beans: 3 3/4 lower March meal: 2.30 lower March soyoil: 25 higher March corn: steady March wheat: 4 1/4 higher The markets opened in line with trade expectations. Traders returned to buying corn vs. wheat, and soyoil vs. meal. Export sales were low end for meal, while fundamentals for soyoil remain friendly. Export sales for corn was a marketing year high but was expected after recent export inspections. Beans were lower but congested in a tight range. There is the perception that China continues to talk with the US about a signing date and the Phase One deal, which adds support. China also lowered tariffs on beans and chicken parts, and last night energi...
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.