THE OPEN Nov beans: 6 lower Dec meal: 1.10 lower Dec soyoil: 2 lower Dec corn: 2 1/2 lower Sep wheat: 6 lower The markets opened as expected but sold off rather quickly with wheat futures leading the way down. The gap-open PM session high was followed by a lower AM session close which led to profit-taking by the corn bulls from the outset. Weaker wheat prices dominated as harvest continues in HRW and spring wheat ratings are expected to remain good. Rains from Barry are making their upward through St. Louis, which was price negative, offset by heat expanding towards the middle of the week. At 10:00 export inspections were released as follows: beans: 854,373 tmt...
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.