SPREADS March crush trades to 81c/bu while oilshare trades to 33.51%. July/Dec corn inverse fallt to 65c but finds some stabilization here closing at 69 1/2c with a 71c high. March/May corn narrows into 1 3/4c carry from 2 3/4c and May/July inverse falls to 3 1/4c from 4 3/4c. March wheat/corn trades from 1.41c down to 1.26c. July/Nov beans trades from 1.80 1/2c to 1.90 1/2c, while March /May meal firms to $4.50 inverse high from $3.50. The open interest tables shows the liquidation phase with March corn open interest decreasing by 32,067contracts, but May and July gaining 9.280 and 5,904 contracts, respectively. March bean open interest fell by 13,993 contracts, but May only increased by 2,326 con...
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.