SPREADS March crush is lower again today, trading down to 1.00 c/bu while oilshare is steady at 34.46%. March/May corn trades from 5 1/4c to 5 3/4c. Jan/March beans trades from 14 1/2c to 14 3/4c. March wheat/corn trades at 1.45 3/4c. PALM OIL Feb. down 2 ringgits. The Malaysian Palm Oil Board data for Nov. was mixed with production and exports both below expectations. Production was forecast 1.538 mmt vs. 1.610 mmt expected, and vs. last month at 1.795 mmt. Exports were 1.401 mmt, below the expected 1.557 mmt, and vs. 1.641 mmt mo ago. NEWS Stocks were 100 lower earlier in the session but have turned higher up 15 pts. STORIES Market chatter has it that 5-11 carg...
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.