SPREADS March crush trades to 1.04c/bu while oilshare firms to new highs at 35.43%. Jan/March beans trade from 14c to 14 1/2c, while Jan/March meal trades from $4.20 to $4.40. March/May corn firms into 6 1/4c from values that were out to 7c, but trading at 6 3/4c this morning. March wheat/corn trades to 1.53 1/2c from 1.51 1/2c. PALM OIL Higher, tracking higher prices from Friday's activity with Feb up 23 ringgits. SGS forecast Dec 1-15 palm oil exports at 572,409 tmt vs. 677,616 mt during the Nov 1-15 time period. Destination activity is quiet as we move into the holiday period. NEWS The stock market is up 59 pts in positive territory with crude oil making new highs over $60/barrel. ...
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.