Grain and soy markets slumbered through the overnight session with the October WASDE two days away. There was little movement in wheat and corn prices, and soybeans traded mostly lower in limited volume. Market watchers generally expect the WASDE to show a slight increase in the corn and soybean yields and production. An adjustment to planted acres based on Farm Service Agency data is possible, but it is likely to be small. The day session was just about as quiet with limited noncommercial positioning ahead of the Thursday report. Soybeans drifted lower and closed that way with November down 6.75 cents. Meal and soyoil were a bit weaker as well. Corn traded in a 2-cent range overnight and widened it to about 4 cents during the day session...
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.