GOOD MORNING, Ag prices were sharply lower yesterday setting up the perfect scenario for a turn-around Tuesday day of trade. Prices are mixed this morning, lower where funds hold length, namely wheat and soyoil. Soyoil prices trade to new lows on the back of a sharply lower palm oil trade. Weaker world currencies are price negative, particularly for wheat today, where the Russian rouble is 2% lower vs. the US dollar. The falling currency favors Russian wheat exports which will weigh on US wheat. A weaker Brazilian Real has already impacted bean trade. Better condition ratings for winter wheat will weigh as well. The largest question remains if China can live up to its commitments given the extent of the impact of the Coronavirus. Ch...
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.