SPREADS May crush trades to 96.30c/bu while oilshare firms back over 32.0% to 32.18%. March/May beans trades back out to 12 1/4c from 10 1/2c on deliveries. July/Nov trades back out to 7 1/2c from 6 1/4c. Jul/Dec corn trades into 1 1/2c from 2 1/4c. PALM OIL May crude oil up 57 ringgits, and cash up $10/mt. NEWS Equities continue to recover with stocks up 170 pts on ideas that the Fed will have to cut interest rates this month. Crude oil hits a high trade at $48.66/barrel, and the US dollar is firmer after dropping to 97.36. CALLS Calls today are as follows: beans: 1 1/2-2 higher meal: 90-1.00 lower soyoil: 30-35 higher corn: 3 -3 1/2 higher wheat: 1/2-1 higher c...
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.