Today it was wheat's turn to lead the rally, and it did so in style. All three wheat markets spent most of the day session preening with double-digit gains. General Comments Today it was wheat's turn to lead the rally, and it did so in style. All three wheat markets spent most of the day session preening with double-digit gains. December Chicago wheat closed up 14.75 cents, while deferred contracts were up around 13 cents. MGE spring wheat finished about 13 cents higher, and KC HRW contracts gained mostly 12-14 cents. At session highs, Chicago wheat was up 18 cents, and KC wheat was up as much as 20 cents.The two-day dive of the U.S. dollar is being given as the reason for the 20 cent-plus rally in wheat futures prices this week, and no d...
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.