GOOD MORNING, Prices are higher across the board except for wheat. Bullish trends remain intact with corn and bean prices continuing to find support on Chinese business with talk that they are asking for Feb. bean prices. AgResource projects that Chinese bean imports on the year will be a record 110 mmt, vs. USDA at 100 mmt, with some private analysts estimates at 103-105 mmt. There were also rumors this week that China purchased ethanol as well. Asian markets are higher this morning, with continued good crush margins. Corn futures prices in Brazilian Reals hit a fresh record high, supported by the weak currency and rallying US prices. Canola prices climb to new contract highs supporting a strong s...
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.