Soybeans are much cheaper to grow than corn, and input costs per acre will be a factor in many farmers’ planting decisions this spring when weather can also certainly play a role. There are also many different issues surrounding demand.The potential 2016/17 U.S. corn supply and demand outlook discussed in this past Monday’s report isn’t necessarily bearish, unless the 2016 yield sets another all-time record. However, the potential U.S. soybean outlook does look bearish into the next marketing year. It must be stressed that these are just very preliminary guesses/estimates that carry big assumptions regarding how many acres will be planted and what yields might be. The table below is a first look at some possibilities for soybeans’ in MY 201...
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.