GOOD MORNING, Prices are mixed today. Each commodity seems to be impacted by its own story. Soyoil and corn are lifted by firmer crude oil values. Soyoil values are also following palm, which closed sharply higher on fears that the largest palm producing state, Sabah, would extend shut-down orders for plantations. Wheat sees long liquidation on the back of better than expected winter wheat conditions and the unwinding of previous buy wheat/sell corn and beans. Beans get a lift from higher soyoil, and the fact that the South American production numbers are heading lower on the back of too dry conditions in southern Brazil. Meal remains on the defensive against a firmer soyoil market. REPORTS...
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.