In Paraguay almost 70 percent of the wheat crop is already harvested with very good quality. This is a little surprising because there were some excessive rains. Yet, wheat seems to have good test weight, and protein levels are reported to be above 13 percent. Soybeans Northern Brazil is facing dry conditions that are somewhat concerning to farmers. The seeding pace is about one week delayed versus the normal time frame. Yet, this is not exciting the market because of the lackluster sales pace. A few cargoes of soybeans were sold from Brazil this past week at +197 to +194 SK for May and +294 SN for June. However, Chinese demand remains limited, and South American sales are still below the pace of a year ago. The recent CBOT price increase...
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.