Overnight strength carried over into the day session amid active volume. December corn continued to march ahead, while it was another volatile session for the soy complex. General Comments Outside markets were relatively quiet today. U.S. stocks gained with the Dow up more than 100 points at last look and challenging 17,000 again. Crude oil is slightly higher, and the U.S. dollar index is slightly lower. Durable goods orders were down in September, but consumer confidence was on the rise. The Fed began its two-day meeting. It is expected to affirm the end of quantitative easing, and analysts will search for clues on the timing of higher interest rates.As has become the pattern, the overnight session once again opened with grain and soy p...
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.