GOOD MORNING, Prices are higher led by the soy complex, with soyoil and bean prices hitting new highs for the move upward. Beans hit 2-month highs and spreads are firmer. Soyoil prices are sharply higher following firmer palm oil direction and higher energies. Macro markets are strong today with energies higher and global equities providing a nice tail-wind for Ags on an across the board "risk-on" day. Inter-market spread trade continues, as traders buy beans (Chinese biz) vs. short wheat (Egyptian biz that gets awarded to Black Sea instead of the US). WEATHER A mixed story, with five-day maps showing good coverage over Kansas, Eastern Neb., Northern MO., most of Iowa, and parts of Minn., Wisconsin, and west...
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.