Grain and soy futures trade was subdued overnight with limited price action. After trading on both sides, corn and soybeans finished the overnight session up slightly, while wheat was slightly lower. The day session proved more exciting, however. General Comments U.S. banks and the federal government were closed for Veterans Day, but U.S. financial and commodity markets were open with the exception of interest rate futures. However, financial markets were generally quiet and little changed after trading both sides. The U.S. dollar index started out higher, although it ended lower. Crude oil started lower, but ended higher as the U.S. dollar declined. Stocks traded higher early, slumped during mid-session and then recovered to finish virtu...
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.