GOOD MORNING, Prices are higher across the board with weather the overriding factor, as conditions turn warmer and drier. The funds continue to be net short corn, and the markets continue to ratchet lower trading ranges upward in terms of the bullish June 30 Acreage numbers. Ideas are also floating that China will perhaps buy US corn as short-falls continue. Technically the markets continue to break-out to the upside, and positive macros and weather will continue to provide support to all the markets on pullbacks. In news stories, China has suspended imports from two Brazilian pork plants, according to Chinese customs authorities, due to coronavirus concerns. WEATHER US Midwest crop conditions are in good...
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.