SPREADS Sep. crush trades down to 80.33c/bu while oilshare is back under 33.0% to trade to 32.77%. The key feature as far as spread activity goes is in the nearby bean spread, which are extremely firm. July/August bean spread trades to a new inverse high of 3 3/4c from what was a 3c carry two weeks ago. July/Nov trades into a 1c inverse from what was a 14c carry two weeks ago. Spillover strength is noted in corn, where July/Dec firms to 11c from 11 3/4c and what was at one point a 19c carry. July/Sep corn trades into 3 1/2c from 4c. July/Dec meal trades from $6.20 to $6.70. PALM OIL Sep. down 30 ringgits with cash offers for RBD palm and olein down $5/mt ending at $627.50/mt and $630.00/mt,...
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.