SPREADS Volumes in spread trade remain heavy as first notice day arrives Friday. The March/May corn spread trades from 3 3/4c to 4 1/4c, while July/Dec corn trades from 2 3/4c out to 3 3/4c. March/May wheat inverse firms to 5c from 4c, with prices closing at the highest level in over over a year. July/Nov bean spread trades from 10 1/4c to 11 1/2c. May wheat /corn trades from 1.59c to 1.60c. May crush trades higher to 90c/bu while oilshare steadies at the 33.20% level. PALM OIL May up 41 ringgits. Futures are higher after the second largest palm producer announced a long awaited economic stimulus package to counter the impact of the coronavirus outbreak. NEWS Stock...
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.