Wheat: Net sales of 298,600 metric tons for delivery in the 2018/2019 marketing year were reported for South Korea (75,500 MT), Sri Lanka (65,000 MT, switched from Singapore), Japan (38,500 MT), Mexico (35,300 MT, including decreases of 47,300 MT), and Taiwan (29,300 MT). Reductions were primarily for Singapore (45,000 MT) and the Philippines (9,800 MT). For 2019/2020, net sales of 138,800 MT were primarily for the Philippines (43,500 MT), Colombia (27,000 MT), Nigeria (24,000 MT), and Mexico (22,300 MT). Exports of 357,000 MT were reported for the Philippines (63,700 MT), Japan (54,700 MT), South Korea (51,000 MT), Mexico (44,900 MT), and Colombia (33,600 MT). Corn: Net sales of 855,900 MT for 201...
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.