There have been soybean export sales announced every day except for one during the past two-week period, and the outlook for future sales is all about one particular country.There have been soybean export sales announced every day except for one during the past two-week period (see table below). These are only the daily sales that must be registered if the volume exceeds 100,000 MT. The weekly export sales do not require registration. John Baize discussed the U.S. soybean sales outlook yesterday in greater detail (see Ag Perspectives, 21 September). It is of course all about China, and the Chinese appetite for soybeans doesn’t appear to be satiated quite yet.USDA pegged China’s MY 2017/18 imports at 95 MMT in its September estimate. Other a...
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
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.