SPREADS March crush trades to 77.20c/bu while oilshare is 33.89%. July/Dec corn trades to a new contract high at 89 1/2c with May/July at ctr highs of 8c inverse. March/May wheat trades to 1c carry from 1/2c. July/Nov beans trades from 2.02 3/4c to 2.09c, while March/May trades from 2c inverse to 1 1/4c. March wheat/corn trades from 1.24c down to 1.12 1/4c. PALM OIL Public holiday NEWS Stocks are down 22 pts with jobless claims falling to 847,000, down 67K. The US economy shrank for the first time since the Great Recession after growing at a 4% rate last quarter. Crude trades to $53.03/barrel, while the US dollar trades to 90.86. CALLS Calls are as follows: beans: 8-10 higher meal: 1...
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.