Market analysts try to identify trends and frequently explain a market’s short-term price action as part or confirmation of one. They also occasionally view it as a sign that some previous trend is fading. Much of the technical analysis of market behavior is based on identifying price trends, particularly when changes in them are about to happen.Someone once remarked that trends are the blood that flows through markets keeping them alive. This obvious reference to a human body function may be somewhat of a stretch as an analogy, but there is no doubt that participants in freely-traded markets search for trends. “The trend is your friend,” as the old saying goes. Market analysts try to identify them and frequently explain a market’s short-te...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.