The National Assembly of France today rejected a Green Party-proposed amendment to the 2017 budget bill, which the group had sought as a way to address its concern regarding consumption of a particular oil. More Flooding in Argentina It seems when it rains in Argentina, it pours. In March and April, many of the prime farming areas there were inundated with heavy rains. The resulting flooding, which occurred mostly in the largest soybean-growing states of Buenos Aires and Santa Fe, likely reduced that country’s soybean crop by over 5 MMT and hurt the quality even more. Now some of those previously-affected areas have been flooded again in recent days. The greatest impact has been around the town of General Villegas in northwest Buenos Aire...
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.