SPREADS Sep. crush trades to 72.56c/bu while oilshare trades up to 33.0%. Would look for soyoil to continue to gain on meal today. Sep/Dec corn spread is firer trading into 7 1/2c while Sep/Dec. wheat narrows into 6c from 6 3/4c. Sep wheat /corn trades from 1.97c to 1.98 3/4c. August / Nov beans strengthens to 1/4c to 1 3/4c carry, with the possibility of seeing an inverse for this market. Sep/NOv trades into 3 1/2c from 4c. PALM OIL Sep. palm oil up 71 ringgits. NEWS Stocks are steady to higher, trading up 66 pts. The US dollar weakens to 96.36 while crude trades down to $39.07/barrel. CALLS Calls are firmer across the board: beans: 1 1/2-3 higher meal: .80- 1.00 higher...
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.