SPREADS July crush trades to 67c/bu while oilshare trades at 38.0%. The Jly/Nov bean inverse weakens to 1.26 1/2c from 1.38c, while May/July trades down to 4 1/4c from 5 3/4c. July/Dec meal trades down to $14.30 from $15.30. July/Dec corn trades down to 52 3/4c from 55 1/2c, while May/July inverse trades from 14 1/2c to 14 3/4c. May/July wheat trades from 1c to 1/2c inverse, barely hanging on to this one. July wheat/corn tradeas from 64c up to 69c. PALM OIL June up 3 ringgits. The Malaysian Palm Oil Council said they believe crude palm oil prices will average 2.846 ringgit for the Q2 2021 time period and peak at 4,190 ringgit/mt. Soyoil ending stocks at the end of 2021 could be 1.12 m...
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.