SPREADS May crush moves down to the lowest point so far at 81c/bu, while oilshare weakens to 33.55%. July/Dec corn remains a 2c-2 3/4c carry, while March/May firms into 3 1/2c from 4 1/2c. July/Nov beans trades into 10 3/4c from 11 1/2c. May wheat/corn trades at 157 3/4c. March/May wheat inverse trades from 1 1/2c to 2 1/2c. PALM OIL May palm ended 17 ringgits lower. Top economic officials from Indonesia said the gov. is considering increasing their palm oil export taxes in a bid to help support and expand domestic biodiesel production and consumption. Indian refiners of edible oils urged the gov. to stop issuing import licenses for palm-olein to help avoid a crash in domestic p...
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.