SPREADS March crush trades down to 98c/bu while oilshare trades to 33.27%. The July/Dec corn inverse moves into new highs at 29 1/2c from 28 1/4c. March/May moves into even. Jan/March beans firms to 1c from 2c carry. March wheat /corn trades from 1.56c to 1.61 1/4c. PALM OIL March palm closes up 7 ringgits to 3,549 ringgit/mt. Malaysian palm reverses early losses trading higher on firmer crude. NEWS Stocks are up 140 pts at the start of the day with crude oil trading to $48.35/barrel. The US dollar sinks to 89.95. CALLS Calls are as follows: beans: 3-5 lower meal: 3.00-3.50 lower soyoil: 10 -15 lower corn: 1/2 lower wheat: 1/2-1 lower canola:&nb...
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.