SPREADS May crush trades to 94.77c/bu while oilshare trades to 32.08%. July/Dec corn trades from 3c to 4 1/4c, while March/May trades from 1/2c to 2c. July/Nov beans trades from 7 1/4c into 5 1/4c. May wheat/corn trades from 1.56c to 1.52c. May/July meal trades into $3.20 from $4.30. PALM OIL March palm oil closed up 49 ringgits NEWS Stocks turn around trading higher from lower, up 118 pts. Buying activity was noted at the lowest point of the sell-off from Friday, as some short-covering and bottom - picking finds its way to the market. The US dollar weakens to 97.30, which is good for export activity. Crude pops back to trade to $46.71/barrel in a reversal off the lows of $43...
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.