Most grain and soy contracts held onto gains until the latter stages of the day session when buying interest slackened and hedge selling began to take over. The result was that after trading higher for most of the session, soybean and corn prices faded and closed with small losses. General Comments Shades of days gone by! Grain and soy prices opened the overnight session in mixed fashion, but buying interest soon appeared. That pushed prices higher, more or less following the pattern of yesterday's gains. Overnight trading volume was relatively heavy. Higher prices and heavy volume carried on as the day session opened, spurred on by the USDA/FAS announcement of sales of 419,000 MT of soybeans to China and 113,000 MT to unknown. This is th...
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.