GOOD MORNING, The markets continue to trade in defined ranges, with an overwhelming nod to chart stabilization yesterday. Corn trades to new contract highs this morning on technical strength and a solid week of export sales. Yesterday's trade featured a negative wheat trade vs. higher beans, and a strong seasonal for this trade actually begins next Monday. It could be that the February WASDE reinforces a buy bean/sell wheat trade, while soyoil futures may once again rally vs. meal. This morning, soyoil gains on meal backed by higher palm and the fact that Egypt purchased 58,000 soyoil at Wednesday's tender. Beans gain on corn, but these crops continue to vie for acreage. The overall bounce in...
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.