Fairly Positive Week for U.S. Soybean and Soymeal Export Sales Today’s USDA export sales report had no surprises. Sales and exports of soybeans and soymeal were positive, although subdued as normal at this point in the marketing year. Soyoil sales and exports were very small as they have been for weeks. Net soybean export sales in the week ending 8 July totaled only 21,700 MT for shipment in 2020/21 and 290,800 MT for shipment in 2021/22. The top sales for shipment in 2020/21 were for Indonesia (61,500 MT), France (18,500 MT), Japan (12,600 MT), The Netherlands (10,800 MT), and Cuba (8,000 MT). Those sales and others were substantially offset by reduction in sales to unknown destinations of 109,900 MT. The top sales for shipment in...
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.