The General Court of the European Union today issued a ruling on the EU’s anti-dumping duties on biodiesel imports from Argentina and Indonesia, and this could have far-reaching implications. Argentina May Delay Soy Export Tax Reduction Argentina’s agriculture minister this week indicated the government is in the midst of discussions regarding future reductions in the soy export taxes. President Mauricio Macri lowered that tax on soybeans from 35 percent to 30 percent after taking office last December, and those on soymeal and soyoil were reduced from 32 percent to 27 percent. Export taxes on wheat, corn and sunseed were immediately eliminated. President Macri indicated it was his plan to continue lowering the export tax rates by 5 percen...
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.