GOOD MORNING, The markets are mixed this morning, though corn posted a new contract high during the night session. Corn had an outside week, reversing higher which set the course for further fund buying. Last week, China purchased a huge amount of US corn due to their internal deficits, with some analysts calling for China to possibly import 30 mmt of corn, which could include 5.0 mmt from Ukraine, 3.0 from Brazil, and 22.0 mmt from the US. As we begin a new month, the pressure of bean harvest in SA will keep beans on the defensive on good rallies while corn will experience less pressure. The market will remain supported by Brazil's late harvest and trucker strikes. Beans begin the morning on the...
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.