SPREADS Major trends include higher oilshare and crush, and heavy volumes in Dec spreads. Yesterday, the Dec/March corn spread accounted for about 70% of the total volume and trades into 10c after trading out to 11 1/2c yesterday. First notice day for Dec contracts is one week from tomorrow. Dec wheat/corn trades up to 1.50 1/4c from 1.44 3/4c. Corrective action in palm oil and soyoil finds oilshare correcting back below 34%. Dec 19/Dec 20 corn trades out to 28c from 27c. Jan/March beans trades out to 14c from 13 3/4c. PALM OIL Feb. down 22 ringgits on profit-taking. According to Anilkumar Bagani, research head at Mumbai-based vegoil broker Sunvin Group and Agricensus, "Chinese vegoil...
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.