There were many soybean trades in Argentina last week. Cargoes were sold at levels of 10 SN for April and May shipment, but most interesting were the three cargoes sold to China with a particular protein guarantee of 34.5 base/33.5 minimum. Soybeans The market in Brazil remains very quiet, although the real has exhibited a great deal of volatility as it went from 3.58 to 3.82 in less than two days. Farmers are not sure what to do as the Brazilian currency is the main determinant of their income. Nevertheless, they are starting to act like their Argentine counterparts, selling increasingly more stocks on the spot while trying to retain as much as possible for later negotiations. As a result, origination has become very expensive against FO...
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.