GOOD MORNING, Prices are lower as more organized rainfall hits key growing areas across Minnesota, Illinois, Missouri, and Iowa. Heavy showers pushed through the St. Louis area yesterday, dropping temperatures by 20 degrees. Today, the extreme heat is back. With the late plantings, the peak pollination period for corn appears to fall from July 20th to August 10th, much later than the usual July 4th period. Weather maps are not in full agreement as to extended forecasts, but this week will continue to feature some of the hottest temperatures of the year. Grains are leading in terms of weakness with longs liquidating part of their overall position. ANNOUNCEMENTS It was reported...
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.