GOOD MORNING, The digestion of the Jan. WASDE report continues. The report was bullish so markets continue in rationing mode. The markets closed sharply higher, limit -up in corn, and with large gains elsewhere. Typically, major surprises and reactions continue for the next trading session or two. Calls this morning are mixed, with meal prices trading both sides. Corn continues to gain on beans and wheat, having the most surprising elements of the report. Beans: The report was friendly for beans, but the markets have already been on an upside trajectory. Some of the more salient items include the fact that the lowest ending stocks for beans was just 92 mln bu in 2012/13, and it came at...
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.