SPREADS Dec crush trades at 1.10c/bu while oilshare trades at 31.86% as meal gains on soyoil this morning. Dec/March corn firms into 7 1/2c from 8c, while Dec/Dec trades from 2c to 4c carry. Nov/Jan beans trades from 2c -2 3/4c carry, while Jan/March beans inverts to 11 1/2c from 8 1/2c. Dec wheat/corn trades from 1.99 1/4c to 2.05. PALM OIL Dec. down 15 ringgits on lower biodiesel consumption in top producer Indonesia and expectations of a decline in exports weighing on sentiment. NEWS The stock market has traded both sides of unchanged for the morning, with crude oil higher at $40.67/barrel. The US dollar weakens to 93.26. CALLS Calls today are as follows: beans: 4-6 higher me...
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.