Wheat: Net sales of 3,574,800 metric tons for delivery in the 2018/2019 marketing year were reported for Nigeria (444,400 MT, including 24,000 MT switched from unknown destinations and decreases of 11,200 MT), unknown destinations (400,600 MT), the Philippines (303,700 MT, including decreases of 18,800 MT), Mexico (299,400 MT, including decreases of 25,700 MT), and Malaysia (258,800 MT, including 99,000 MT switched from unknown destinations). Reductions were reported for Bangladesh (15,300 MT), Thailand (10,000 MT), Costa Rica (5,700 MT), and Canada (3,400 MT). For 2019/2020, net sales of 244,100 MT reported for Nigeria (76,600 MT), the Philippines (57,000 MT), Thailand (56,500 MT), and unknown destinations (35,000M...
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.