Corn struggled under the pressure from the wheat market plus thoughts that the corn crop ratings might improve in today’s weekly report. The trade seems unwilling to consider a yield below the 166-168 range. General Comments Markets were soft overnight and turned even softer when today’s session opened. Wheat was again the loss leader. Better looking forecasts for some of the dry regions of the world coupled with the firm dollar pressured wheat. The potential for a default in Greece was also in the headlines and that had financial markets sharply lower. Crude oil was slightly lower and the dollar was slightly higher. Funds were sellers of everything today, but not in big volume. Corn FUTURES Corn struggled under the pressure from the w...
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.