GOOD MORNING, Prices started the PM session mixed to higher but turned lower by the early hours. A neutral crop progress report and more rainfall over drier portions of the Midwest created a bit of profit-taking at recent market highs. Traders are beginning to position - square in front of Thursday's June WASDE report, which will be released at 11:00 Chicago time. Wheat futures weaken as harvest continues in the US, with about 7% of the crop done so far, in line with the five- year average. WEATHER --Rains move up across the Midwest courtesy of tropical storm Cristobal. The western Great Lakes region will see heavy rains, while the eastern belt state of Eastern Ill, Ind., and Ohio could mis...
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.