While it’s easy to sit back now and wonder how markets could collapse so far so quickly, the fact is (was) that a full-blown summer drought wasn’t needed to create a bullish outlook.There was a movie released years ago called “Flatliners,” which was about a group of medical students who put each other into near-death experiences in an attempt to discover the meaning of life. Corn and wheat markets are now replicating that storyline. The soybean market could join them if it reaches its full yield potential based on this week’s Pro Farmer tour pod counts.Below are the December Chicago corn and wheat charts. There doesn’t appear to be anything left in the near future to pull prices out of this latest tailspin, which is supported by the followi...
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.