U.S. Soybeans Should Now Be the Top Choice for Most Markets China’s announcement this week that it was cancelling the 25 percent tariff exemption on all U.S. soybeans purchased after 3 August had the effect of driving up soybean prices in South America. As of today, the FOB spot price for U.S. soybeans was $28.25/MT lower than that for Brazilian origin and $9.25/MT less than for Argentine origin. The price of U.S. soybeans for future shipment remains below that of Brazilian soybeans through January. The lower price for U.S. soybeans should make them the top choice for all importers other than China and Russia for the next six months or more. Even with a smaller crop than last year, U.S. ending stocks are so large that the price is u...
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.