The CBOT was mixed Tuesday with wheat leading the way higher overnight but with the day session seeing increased weakness in grains while oilseeds rallied. Chinese buying is rumored to be underpinning the soy complex, but no fresh daily export sales announcements have been made. Canadian and European rapeseed futures were firm or posted new highs but the quickening seeding in Brazil is keeping soybean rallies muted. Fundamental news remains light and weather trends are broadly favorable for the U.S., Europe, and South America. The La Nina in the Pacific Ocean is strengthening but has yet to significantly disrupt South American weather patterns. Recall that this time last year Argentina was already struggling with drought that would s...
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.