Sharp selling emerged at the CBOT today in response to weaker overnight prices. Cash prices for soybeans and corn have weakened in response to farmer selling that recent futures gains encouraged. The pressure continued today as Chinese officials were light on details about the recent trade talks, leading traders to execute the second leg of "buy the rumor, sell the fact" strategies. Wall Street is presently mixed in largely lackluster trading. The S&P 500 is up 6.2 points (0.2%) while the Dow Jones 30 index is up 65 points (0.3%). Equities came under pressure early from U.S. retailers reporting disappointing holiday earnings (including Macy’s and Kohls) as global economic data was moderately disappointing as well. Chinese d...
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.