THE OPEN March beans: 9 1/2 higher March meal: 2.50 higher March soyoil: 55 higher March corn: 6 1/2 higher March wheat: 8 1/2 higher The markets opened higher with wheat gaining on corn as soyoil stayed on a firmer path vs. meal, pushing oilshare higher still. While the phase one deal plays out, Argentina's new gov. has suspended the registration of Ag exports to enable the new duties on corn, wheat, and beans to be implemented. As such, Argentine farmers may revert to holding supplies from the market at the same time that a trade deal could imply China will enter the market in a more aggressive way in 2020. At 10:00 export inspections were as follows: Beans: 1,259,374 mt vs. 1,...
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.