GOOD MORNING, Prices begin on a firmer note this morning but not very far away from yesterday's lows. The trend continues to be lower for grains, resulting in the soy complex being pressured to the lowest end of its trading range for beans and meal. Soyoil continues to hold its own against meal, while January beans head closer to the $9.00 benchmark on more disappointment over the lack of clarification for trade negotiations. Good South American weather and ideas that 2020 may offer more production continues to cap off rallies. Without a trade deal or a South American weather problem, the path of least resistance remains lower across the board, and sideways for soyoil. In terms of trade news, one news-w...
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.