SPREADS March crush falls to 68c/bu while oilshare falls to 32.77%. Corn spreads remain firm in front of the report, with July/Dec trading to 57 1/2c from 51 1/4c, and March/May trading from 1/2c to 1 1/4c carry. March/May wheat trades from 1c to 2 1/2c carry. March wheat/corn trades from 1.37c up to 1.53c. March/May beans trades up to 4 1/4c inverses from 2 1/2c, while March/May meal trades up to $4.10 inverse from $2.40. PALM OIL March down 33 ringgits. Malaysian inventories in Dec. plunged to 1.26 mmt, its lowest in more than 13 years, but is expected to rebound to 2 mmt by the end of 20/21. Intertek estimated Malaysian exports for Jan 1-10 at 260,080 mt, down 35% from Dec. 1-10 time per...
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.