SPREADS Bean futures are still mostly about volumes going to spread trade, with January open interest down 17,339 ctrs and March up 15,796 ctrs. Open interest decreased slightly in May and July indicating only a small amount of liquidation has taken place. Jan/March bean spread trades from 13 1/2c out to lows of 14 1/2c. Dec/March corn trades from 8 1/2c to 10c as futures prepare to expire in Dec today at noon. Jan/March meal trades out to $4.40 from $4.20. March wheat/corn trades from 1.51 1/2c down to 1.47 3/4c. March crush is lower trading to 99.57c/bu while oilshare firms to new highs at 35.25%. PALM OIL Feb. down 38 ringgits. Malaysia raised their export tax on crude palm to 5% (from z...
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.