SPREADS Jan crush trades to 1.29c/bu while oilshare firms to 31.38% from recent lows closer to 30.0%. Dec/March corn trades into even from 1 1/2c carry, while Dec/Dec trades up to 25 3/4c inverse from 23 3/4c, and what was at one point a 40c carry during the summer. Dec/March wheat trades into 1/2c to 3/4c carry. Dec wheat/corn trades from 2.07c down to 206c. Jan/March bean inverse trades from 14 3/4c to 13 1/2c. Dec/March meal trades from $19.70 inverse to $18.50. November bean open interest falls to 132,361 vs. January at 361,789. PALM OIL Jan palm oil closed up 127 ringgits, underpinning soyoil futures today. Intertek forecast Malaysian palm oil exports over the Oct. 1-25 period at 1.398...
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.