GOOD MORNING, Prices are mostly lower as the July 10 WASDE is ready to open with a new set of new numbers for market digestion. Weather remains hot and dry, though a few rounds of rainfall fell across parts of the Midwest. After Friday the forecast turns hot and dry again. For this week, sporadic rainfall is resulting in a small market setback from recent highs. Corn prices continue to work a bit lower though there continues to be talk of China in the market. On the negative side, corn faces competition from Ukraine as well as South America. Spreads are firming with some interior locations looking for nearby supplies of corn. Bean spreads tighten as well as more chatter about business...
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.