Some elevators are warning farmers that they will not accept soybeans produced from Monsanto’s Roundup Ready 2Xtend strain unless it gains approval from the EU. Last Week’s Very Large U.S. Soymeal Export Sales Normally, the largest weekly exports of soymeal occur early in the marketing year when the U.S. commonly is most price competitive. However, today’s USDA export sales report indicated those net sales last week for shipment in 2015/16 were the highest at 468,700 MT. The sales primarily were to the Philippines (201,800 MT), Singapore (65,400 MT), Venezuela (38,000 MT), Mexico (32,400 MT), Egypt (28,500 MT), Peru (17,200 MT), Morocco (15,000 MT), Guatemala (13,000 MT), Canada (11,700 MT), unknown (11,500 MT), the Dominican Republic (8,...
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.