GOOD MORNING, The overnight markets were in correction mode for the PM session, led by wheat as better weekend rains were noted. The markets closed mixed, and spreads are firming again. The markets remain in technically driven mode and still have the fundamentals to back a bull market move. Surprisingly, funds actually lightened up last week and may be waiting for a larger break post May 12 USDA report to add back length. Strategy is everything. Good crush margins, overall demand and higher vegoil prices keep values on the up and up. Over the weekend Egypt tendered for 30,000 mt of soyoil and 10,000 mt of sunoil for July arrival. Spreads were lower last week but should see some adjustm...
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.