WPI reminds clients that USDA’s April WASDE will be released this Thursday at 12:00 PM EDT and that the CBOT markets will be closed Friday for Good Friday. The CBOT found some support today with short covering in corn and soybeans while profit taking took wheat lower. Funds were mostly squaring their positions ahead of the April WASDE and the three-day weekend. Funds are estimated to have bought some 6,000 contracts of corn, 1,500 contracts of soybeans, and sold 1,500 contracts of wheat. Bear spreading in soymeal/soyoil continues with funds trading some 1,700-2,000 contracts in each commodity. POET biofuels, the nation’s largest ethanol producer, announced today it will be suspending operations at four plants. Thos...
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.