GOOD MORNING, Prices are mixed this morning with grains slightly lower and oilshare continuing to leak. The markets are the weakest where remaining length resides, namely wheat and soyoil. Crude trades below $50/barrel, while the US dollar strengthens to 99.14. Stocks and commodities do not like uncertainty, and the impact of the Coronavirus on economies remains unclear. The CDC warned of potential disruptions in the US eventually when the virus arrives in the US in full force. Demand remains unclear, which is price negative for grains and soy. President Trump will hold a news conference this evening as regards the Coronavirus in the US. WEATHER Winter weather across the...
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.