GOOD MORNING, Bullish chart formations continue to trigger technical fund buying activity. Meal values continue to lead over soyoil, which represents a stronger bean bull market. New money continues to flow into the soy and grains complex, triggering higher trade. Pipelines are getting filled as the export pace remains solid. Bull-spreads are firm as well for corn and beans on good volume. Wheat is higher as Russia's Ag minister announced that they will set grain export quotas for the first half of 2021. The October USDA report is always an important one, serving to further clarify ending stocks, yields, and production. Historically, the October report follows the same trend as the September repor...
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.