In contrast to yesterday’s enthusiasm, today’s markets were lower in quiet trade. There was little tradeable new information today, with the markets digesting forecasts of cool, rainy Midwest weather and Russia’s odd news of possible export slowdowns. Wall Street is higher as of this writing with the Dow reaching a new intraday and lurching closer towards the 27,000 mark. The U.S. dollar is slightly higher after the Institute for Supply Management said its nonmanufacturing index rose in September. Also encouraging dollar bulls was the new trade deal with Canada and Mexico. Crude oil settled higher on continued concerns about supplies amid the Iranian sections. Sanctions worries outweighed the EIA’s data showin...
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.