SPREADS Spreads remain strong with July/Dec up to 86 1/4c with May/July at new contract highs at 8c. March/May beans trades to 2c inverse from 3/4c, while Jul/Nov trades from 2.02 1/2c up to 2.10c. March/May wheat trades 2 3/4c inverse down to 1 1/2c. March wheat/corn trades from 1.34c down to 1.27 3/4c. March corn open interest decreased by 8,175 contracts yesterday with May corn increasing 14,297 contracts on new buying. In contrast, March bean open interest fell 3,422 contracts with May increasing 4,707 as spreading occurs. November bean open interest increased by 3,284 contracts. PALM OIL April crude up 119 ringgits, ending at 3,385, which is partly attributable to concerns over the slow pace of SA...
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.