SPREADS August crush trades higher to 88.88% with oilshare firmer at 32.93%. July contracts are beginning to get rolled forward which tightens up the spread. July/Dec corn trades into 12 1/4c from 12 3/4c. July/Sep corn trades from 3 3/4c to 4c. July/Nov beans weakens out to 13c from 11 1/2c. July/Dec meal trades from $7.70 out to $8.30. July wheat/corn trades from 1.91c to 1.88c. July/Sep wheat narrows into 12 1/2c from 13c. PALM OIL August up 52 ringgits. Prices closed higher as lower output of the commodity is expected for May, with demand continuing to recover. Buying has resumed for both China and India as gov. eases lock-downs. NEWS Stocks are up 150 pt...
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.