SPREADS March crush trades down to 97.28c/bu while oilshare trades down to 32.43%. Spreads hit new highs in corn where profit-taking was noted. Jul/Dec corn trades from 23c inverse down to 18 3/4c. March/May corn trades from 1 1/2c inverse to 2 1/4c. March wheat/corn trades from 1.74 1/4c to 1.65c. Jan/March beans trades from 3 1/2c to 4 1/2c, while Jan/March meal trades around even into a small inverse. March/May beans trades from 1 1/2c inverse from 3/4c inverse. PALM OIL March palm down 39 ringgits. AmSPec Malaysia estimated Dec 1-20 exports at 1.073 mmt, vs. 908,443 mt for Nov 1-20. NEWS Stocks are down 430 pts despite the fact that the US confirmed a deal for more Covid economic relief.&nb...
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.