Corn had another day of light volume and not much actual price movement. It sat back and watched as wheat traded double-digit gains and then backed off to trade lower, while soybeans had moderate losses followed by double-digit gains. General Comments Corn and soybean markets were lower overnight, while wheat traded slightly higher. That trend reversed itself by mid-morning with soybeans turning higher as wheat and corn moved lower. Trading volume overnight was extremely light with funds reported as small buyers of corn, soybeans and wheat.Crude oil was down $1.50-2.00 most of the day, and the U.S. dollar was firm. U.S. financial markets were very strong.U.S. futures markets will trade abbreviated schedules for the next two weeks because...
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.