SPREADS Jan crush trades up to 1.01c/bu while oilshare firms to 34% on soyoil strength. Dec/March corn trades out to 11c from 10 1/2c, and from values that had traded into 7 3/4c. Dec/wheat corn trades up to 1.43 1/4c from 1.40c. Jan/March beans trades back out to 13c from 12 3/4c. PALM OIL Feb. up 65 ringgits. An industry analyst suggested the two top palm oil producers, Indonesia and Malaysia, will see little growth output next year, potentially leading to a shortfall in supply. China was also purchasing today, and the firm rally promoted spillover strength for today's soyoil market. NEWS Stocks are lower today on concerns that tensions between China and the US could grow, w...
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.