Wheat led the grains complex higher today on a drier weather forecast for the parched Southern Plains. Corn and soybeans traded both sides of unchanged in lackluster trade. Cattle futures worked their way sideways while the hog market posted big gains. Traders are now analyzing the possible impacts of a U.S.-China spat over sorghum. Recall that China has claimed the U.S. is “dumping” sorghum on the world market (i.e., China) – a thought USDA Secretary Perdue vigorously rejected yesterday. Should China follow through with its antidumping duties, the fear now is that President Trump will retaliate with another $100 billion of potential tariffs on Chines goods. Global politics will certainly keep the market entertained...
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.