Some sayings about the futures market (or equities) ring true and others not so much. For example, “this time it’s different” is a risky bet; but buy low, sell high is good guidance. A ritual, such as getting out of the market ahead of an extended break would seem to make the trend your friend, except when it is not true. The market is closed this Thursday for the U.S. Independence Day celebration and trading is expected to be light on Friday as people turn it into a four-day extended summer weekend. This would seem a normal opportunity to close out and avoid the risk of developments occurring while the market is closed, and the beach is beckoning. This would be perfect if one is positioned for gains while headed out and...
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.