GOOD MORNING, Good weather continues to show us the bottom of recent trading ranges while fresh demand keeps prices on the up and up. China continues to buy hard breaks in the bean market in an effort to fulfill its Phase One deal commitment by end of the year. It also helps that US beans are a good value right now. This week there was talk that China was purchasing additional bean cargoes from both the PNW as well the Gulf for the fall. Other major trends include firmer oilshare as palm oil charts race to the upside, while NOPA crush oil stocks tightened. World vegoil values are also supported by a recovery in biodiesel demand. Wheat, corn, and beans remained su...
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.