GOOD MORNING, Prices begin the week on a firm tone after pressure over the last several weeks resulted in a test of trading range lows. This morning's direction takes a cue from the net short in the soy complex where more short-covering is taking place as we head into renewed China/US trade talks this week. The Chinese Dalian Exchange soyoil and bean prices were higher, with Chicago values following this morning. WEATHER Weather over the last few weeks has been the focal point, and it has offered better episodes of rainfall than expected. However, updated weather maps for Sunday night show a slightly drier than normal forecast over the next 10 days. The northern areas of the Midwest will see the better amounts of...
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.