SPREADS Dec. crush trades to 1.17/bu while oilshare trades down to 31.24%. Corn spreads continue strong with Dec/Dec now inverting to 4c from 2c, and from a carry. Dec/March corn narrows into 5 1/4c from 6c. Nov/Jan beans trade from 1/4c from 1c carry, while Jan/March trades from 15 3/4c inverse down to 13 1/2c. Dec wheat/corn trades from 2.02 1/4c to 2.07c. Dec/March meal trades from an inverse of $11.40 up to $13.10. PALM OIL Dec. palm oil down 75 ringgits ending at 2,914 ringgit/mt. NEWS Stocks are 308 pts lower as US jobless claims rise to 898K as the economy continues to struggle. The continuing rise of the virus across countries and the lack of a stimulus package create...
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.