GOOD MORNING, Prices begin the morning higher across the board. Bean prices chopped everyone up on Wed., breaking hard on virus concerns, and then rallying hard on Chinese business rumors. Nearby spreads remain extremely firm, indicating that export biz is probably being transacted, and that China is continuing to secure late fall /early winter needs. During testimony on Capitol Hill, US Trade Rep. Lighthizer said Chinese officials have affirmed their commitment to live up to their obligations. In terms of the virus, China cancelled several flights and shut down schools while blocking off some neighborhoods in an effort to stem the spread. Funds remain extremely short corn to the tune of a possibl...
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.