U.S. Soy Export Sales Highlights – Finally Today USDA issued its first export sales report in over a month, but only the week ending 20 December was covered (all data discussed below pertains to that week). As noted in yesterday’s Market Commentary, the normal publication schedule will not resume until 22 February when the data for weeks ending 10 January-14 February is released. Net soybean export sales totaled 2,391,400 MT, mainly to China (1,466,000 MT), unknown destinations (208,400 MT), Mexico (166,900 MT), Taiwan (103,600 MT) and Thailand (75,300 MT). 13,900 MT were also sold for export in 2019/20. Soybean exports during the week totaled 611,100 MT, a 47 percent decrease from the previous four-week average. The top desti...
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.