THE OPEN Jan beans: 2 1/2 lower Dec meal: .60 lower Dec soyoil: 6 higher Dec corn: 1/2 lower Dec wheat: 2 1/2 lower Prices opened as called but the feature of the morning was Trump saying that he has not agreed to roll back tariffs on China, though China would like him to do so. Once again, headlines took the trade in one direction or the other, but today it was lower as funds sold more corn and liquidated beans in the first part of the day. All this happened before the November WASDA data. Corn prices traded to new lows for the move down while beans worked backed towards trading range lows. Soyoil prices remained firm against meal. AT 11:00 the November WASDE was rele...
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.