The new Hurricane Nate will likely damage Mid-South soybeans and the market is pricing in a risk premium for this event. U.S. soybean exports remain robust while EU soybean imports are heading the opposite direction. New Potential Hurricane May Do More Damage to Mid-South Soybeans Press reports indicate exporters in the U.S. Gulf are having difficulty loading ships because they need good quality soybeans from the Midwest to blend with poor quality soybeans harvested in the Mid-South. Apparently, the poor quality southern soybeans were a result of the damage done by Hurricanes Harvey and Irma and other storms late in the growing season.Weather-damaged soybeans along the Gulf Coast are nothing new. There was severe damage to soybeans when H...
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.