GOOD MORNING, The Sep. 1 report is out of the way and in its wake is market digestion. After a large rally, prices are lower this morning as we enter a clear harvest weekend. The markets are no doubt impacted by macros that are lower on the announcement that Trump and the first lady tested positive for Covid. Most of the markets are in the red. Ags are going to show us if prices were completely overdone on Wednesday post report, but good pullbacks are good buying opportunities. Funds have purchased plenty of new long contracts, which suggests that they believe there are higher targets to be yet attained. Demand is big and pipelines need to be refilled. US corn will be the cheapest until February. S...
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.