SPREADS March crush trades to 69.79c/bu while oilshare trades back up to 32.0%. July /Nov bean spread is in capitulation with the inverse falling to 1.62c from 1.83 3/4c. March/May bean trades from 3 1/2c inverse down to 2c. March/May meal inverse trades from $4.10 down to $3.00. March wheat/corn trades from 1.50 1/4c down to 1.39 1/2c. July/Dec corn trades softer down to 63c inverse from 70 1/4c. PALM OIL April down 42 ringgits lower, down 1.3%, top 3,225 ringgits/mt. SGS estimated palm oil exports for the Jan 1-20 period at 572,901 mt, down 43.3% from the Dec 1-20 estimate at 1.010 mmt. NEWS Stocks are 100 puts higher as crude oil trades up to $53.69/barrel. The US dol...
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.