SPREADS Spreads were firming yesterday with the Goldman Roll this week. Dec/March corn trades into 9 1/4c from 9 3/4c. Dec 19/Dec 20 corn trades from 1 3/4c inverse to 3 1/2c. Sep/Nov beans trades to 12 1/2c from 13. October crush trades at 1.08c/bu while oilshare firms to 32.26%. PALM OIL Sep closed 28 ringgits higher NEWS Stocks are higher up 80 pts as prices continue to correct off the hard break this week. Gold is lower against a firmer energy market, while the US dollar trades down to 97.42. REPORTS Export sales: beans: 18/19 net 101,700 and 19/20 net 318,300 mt (vs. an expected 100-650 neutral) meal: 18/19 net 92,200 and 19/20 net 18,600 mt (...
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.