Soy Export Sales Highlights Today’s USDA export sales report for the week ending 22 March was a bit disappointing for soybeans but positive for soymeal and soyoil. However, a separate USDA daily report helped to brighten the outlook a bit, indicating exporters had reported the sale of 266,500 MT of soybeans to unknown destinations for shipment in 2017/18. Net sales of U.S. soybeans for export in 2017/18 totaled only 317,500 MT, down 77 percent from the past four-week average. They are primarily destined to the Netherlands (113,600 MT), Indonesia (106,500 MT), Pakistan (57,200 MT), South Korea (51,400 MT) and Egypt (42,800 MT). Those sold for export in 2018/19 totaled 69,700 MT, mainly to China (60,000 MT). Soybean exports last week...
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.