GOOD MORNING, Prices are mixed this morning with more short-covering in beans, meal, and corn, with lower soyoil vs. meal trade. The macro pressure of yesterday is off a bit with a small Dow recovery, while traders continue to monitor currency events in Argentina and China. Argentina's politics and currency will have an impact on beans down the road and could actually become supportive for this market. Other comments from Brazil about possible smaller bean production revisions are adding upside to beans as well. A good export sales number for meal creates a correction in oilshare. All eyes are also on corn to see if it can begin a corrective phase to the upside. If funds begin to get short and we...
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.