Livestock futures were higher on modest support while grains futures gave back all of Turnaround Tuesday’s gains. Would that make today a Washout Wednesday? Regardless, falling crude oil, a higher dollar, and rising trade concerns left the CBOT trading in the red today. Wall street is sharply lower with the Down down nearly 300 points and the S&P 500 off 1.17 percent presently. WTI crude oil futures are down 3 percent on a larger-than-expected build up in U.S. inventories. One of the big talking points among traders today has been the 4 percent drop in copper futures. The metal has crashed recently amid concerns about China’s demand and global currency dynamics, falling below 12-month lows today. Selling pressur...
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.