World Perspectives

Food CPI, Equities, and Fertilizer

It was a big day for market-moving reports with the WASDE report (see Matt Herrington’s analysis) and the Consumer Price Index (CPI) report from the Bureau of Labor Statistics (BLS). The CPI for food at home was up 1.4 in May, the fifth consecutive increase of more than 1 percent. For the year, the index rose 11.9 percent – the largest increase since April 1979 during the great stagflation.  All six major grocery store categories increased, with five of them up more than 10 percent Note that Meat Poultry Eggs and Fish was driven by a 32 percent increase in egg prices due to HPAI. Energy was up 34.6 percent. All items excluding food and energy, i.e., the “core inflation” the Federal Reserve watches, was up 6...

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Summary of Futures

Sep 25 Corn closed at $4.0925/bushel, down $0.0225 from yesterday's close.  Sep 25 Wheat closed at $5.3825/bushel, down $0.025 from yesterday's close.  Nov 25 Soybeans closed at $10.27/bushel, up $0.0225 from yesterday's close.  Aug 25 Soymeal closed at $275.8/short ton, up $0.2...

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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.

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