THE OPEN May beans: 5 1/2 lower May meal: 4.20 lower May soyoil: 6 higher May corn: 1 1/2 lower July wheat: 7 1/4 higher The markets opened in line with trade expectations, with the key feature that of higher oilshare and more buy wheat/sell corn trade. Corn once again traded to new contract lows, as meal prices slumped on continued long liquidation. On a correction note, USDA issued a change in their Feb. census crush data, lowering crush from 181.6 mln bu to 175.c mln bu. Export inspections were released at 10:00 as follows: beans: 298,124 tmt vs. 413,957 mt week ago wheat: 320,371 tmt vs. 335, 208 mt week ago corn: 1,271,481 tmt vs. 1,270,152 mt week ago...
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.