GOOD MORNING, The December WASDE report has come and gone and traders are left watching weather and trade negotiations. Funds maintain a net short position in corn and beans, but right now the major direction is sideways to higher. Grains sit close to the bottom of trading ranges, beans near the highs. This morning, prices are cautious and leaning lower, but beans still remain relatively firm in the big picture. The gist of the report was neutral for corn and beans, but moving forward seasonals are more bullish for both of these markets. The wheat report was split down the middle with record world stockpiles, but lower US ending stocks that are at five-year lows. On another bullish front, Au...
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.