GOOD MORNING, Prices are mixed to begin the day with the major feature of lower oilshare. Meal posts a new contract high against sharply lower soyoil futures, while beans seem to be caught between the two markets. Wheat continues to hold up fairly well with more active tenders noted. For the morning, Taiwan purchased 91,300 tons of US wheat. Chinese meal, corn, and beans were all lower, with the US following. Harvest continues to weigh along with funds who remain long beans, meal, corn, and wheat. Funds may begin to liquidate more if key support levels are breached such as $10.00 Nov beans and $3.60 Dec corn. Traders will also keep an eye on spreads to see if they begin to widen as har...
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.