With the fall harvests essentially completed and something of a hiatus in fresh inputs from USDA until 12 January when it releases final production estimates, we find ourselves starting to wonder how, why and when the next fundamentally-driven bull market might occur.We suppose that bear markets and bull markets in grains have a number of things in common, but the most basic commonality is that they both inevitably come to an end of their own making – the old rule about the best cure for high/low prices is high/low prices. A classic example of this was seen when the multi-year bull market that began in mid-2010 came to a crashing stop. The precise end of the latest bull market varies by grain, and the timing is subject to some debate. We wo...
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.