GOOD MORNING, Prices are mixed this morning with trade on both sides of unchanged. Oilshare had enjoyed an early overnight bounce, but gave it up by morning. Wheat futures are lower following European values, which is weighing on corn. End-users for corn are watching closely as prices slowly head lower towards their orders. Beans are circling the $10.00 level again in November while meal bounces trade higher against soyoil. Though oilshare is weaker at this point, world veg oil values remain firm. As for the bean market, funds are going to head into the Sep. 30 stocks report a solid net long, not getting rid of much length. Top stories include Brazil being forced to import bean a...
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.