There were almost no soybean trades in Argentina this past week. Demand has been showing up mostly for November and December in search of cheap offers. However, one cargo was traded on Monday at +36 SN for May 2017. That seems expensive, though, compared with Brazil. Soybeans The market has been slower than expected recently, and the week-long national holiday in China has stopped all activity from there. Nevertheless, some Chinese buyers are watching for any good opportunities. As there are plenty of beans offered, however, buyers are not in a hurry to cover. On the other hand, the slow demand is keeping crush margins in China at very good levels.Harvest has already reached around 30 percent in the U.S., and the outstanding yields being...
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.