SPREADS Dec. crush trades to 1.27c/b while oilshare trades to 30.16%. Dec/March corn trades from 4 3/4c carry out to 5 1/2c. Dec/Dec corn inverse is from 9c down to 6 1/4c. Dec/March wheat trades from 2 1/4c inverse to 3/4c, while Dec/July trades from 20 3/4c down to 14 3/4c. The Jan/March bean spread trades from an inverse of 12 1/2c down to 10 1/4c. Dec/March meal trades from a $15.70 inverse down to $14.70. PALM OIL Dec. up 84 ringgits, with cash up $12.50 for palm and olein. AmSpec estimated exports over Oct. 1-20 at 1.084 mmt vs. 1.040 mmt for Sep. 1-20. NEWS Stocks are up 120 pts in quiet trade, while crude oil trades to $40.98/barrel. The US dollar trades down to 93.15...
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.