SPREADS Sep. crush trades to 74c/bu while oilshare trades to 32.74%. Sep/Dec wheat trades from 7-7 3/4c. The July/Dec corn spread trades from 8c to 8 3/4c while July/Sep trades from 1-3c carry. July/Nov bean inverse strengthens to 9 1/4c from 2 3/4c, while July /August trades to 9 1/2c from 3 1/2c. PALM OIL Sep. down 43 ringgits. Indonesia's Trade Ministry said they would keep their crude palm oil tax steady at 0% for the fourth consecutive month. NEWS Stocks are 87 pts lower as traders assess the continuing spread of the virus. Crude oil trades to a low of $38.90/barrel while the US dollar trades to 97.38. CALLS Calls today are as follows: beans: 3-5 higher meal: 1.20-1.50 high...
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.