SPREADS March crush trades to 75.34c/bu while oilshare trades down to monthly lows at 31.47%. The corn inverse post report remains strong with new highs of 77 1/2c from 63 3/4c, and from overall lows of 48c on a recent sell-off. March/May corn trades from 2c inverse from a 3 1/4c carry, as farmers may have hedged some bushels on this price strength. March/May wheat trades from 1/4c to 3/4c carry. March wheat/corn trades from 1.43 1/2c down to 1.32 1/4c. March/May meal trades to an inverse high at $7.90 from $6.10. Open interest in corn yesterday was 17,000 contracts higher for the May contract, and 11,000 contracts higher for corn. NEWS Stocks were 70 pts higher in the early going, but are now down 17...
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.