GOOD MORNING, Prices continue to consolidate within recent trading ranges with grains still not far from their recent highs. The soy complex bounced to new highs yesterday but put in a disappointing performance with trade back towards the lower end of ranges as well. Today's price action begins lower across the board with what appears to be a risk-off day of macro selling across the board. The Dow is lower along with crude oil and gold prices. The US dollar is the only commodity in the green as a flight to safety trade occurs. More retaliatory measures announced today from China appear to have kicked off the risk -off atmosphere. The Pro Farmer crop tour concluded the rest of its tour with ideas coming closer...
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.