First things first, happy Veteran’s Day! All of us here at WPI extend a heartfelt “Thank you” to all who have served, and are currently serving, our country. Regardless of party politics and ideological differences, America could not exist without your service and we are grateful for your sacrifice. The markets were mostly as expected today with unwinding of old long soy/short grain trades dominating the day. Uncertainty over the trade war negotiations also pressured the markets. News that international soybean buyers, especially Chinese crushers, are sitting back waiting for clarity on geopolitics was further discouraging for the soybean market. USDA’s weekly Export Inspections and Crop Progress report...
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.