GOOD MORNING, The markets rallied on Monday to their highest levels in months, with wheat prices in the lead and corn trying to follow. Beans and soyoil futures posted new highs for the move up this morning. It was reported that better movement was noted on this very good rally with producers an active seller of old corn and beans. As the markets seek clarity, fund shorts are on the move lightening up into the end of the year guided by technical price action and plenty of emotion. For wheat, lower US ending stocks, rising European and Russian premiums, talk of reduced exports (out of Russia), and lower production in Argentina and Australia have been enough to invite wheat bulls to play. As to beans, exp...
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.