The Market Oilseed values temporarily dipped this week on improved moisture in Brazil. The change is temporary as the 6-15 day outlook calls for a return to heat and dryness and thus more stress for Brazil’s soybeans. For the week, January soybeans are down nearly 10-cents , putting them below the 100-day MA but still above the one-month low of 1297/bushel. Soyoil was inexplicably pressured lower by a U.S. Appeals Court ruling saying the Biden Administration must consider waiving biofuel blending requirements for small refineries. The ruling mostly affects ethanol since refineries are making money from biodiesel. In other market news, after gains in the first part of this week, Malaysian palm oil futures fell during the last t...
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.