GOOD MORNING, Strong cash markets, weather, and the unknown quantities of corn demand from China continues to underpin the markets in general. Demand and fund buying activity remains the key driver for price. US Trade Rep. office estimates that under the Phase One trade deal, China has purchased $23 bln of Ag goods, which is around 71% of the target under the deal. As such, US corn and bean sales are at their all-time highs, and the strongest start to their marketing year in history. Weather watchers are seeing better rain prospects materializing this morning across the Black Sea and SA. While beans hit a new contract high this morning on demand, wheat prices are lower which is weighing on corn. R...
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.