GOOD MORNING, Prices spent the opening hours in the red with soyoil futures leading the way in terms of market weakness. Soyoil followed a sharply lower palm oil market, which created more unwinding of recent buy soyoil/sell meal trade. Traders were looking for more Chinese corn announcements, and for any signs of bean biz yesterday. Finding neither, the sideways paths of each market and technically lower resistance levels resulted in lower Wed. evening trade. Weather continues to normalize in South America, and that means more harvest is on the way. Informa left the Brazilian crop at a record 133.0 mmt, and Argentina at 48 mmt. Spreads break slightly lower as well. The Feb 9 WASDE will help to st...
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.