The overnight session saw grain and soy prices mixed and the trading volume notably less than Sunday's overnight session. However, there was no doubt about price direction during the day session. General Comments With 89 percent of the corn crop and 94 percent of the soybean crop harvested as of 16 November (according to NASS), we have entered the cleanup phase. It is worth considering how effectively and efficiently U.S. farmers and the entire grain marketing chain have handled a far larger fall harvest than ever seen before. Despite the massive, record-setting volumes involved this year, the U.S. corn and soybean harvests are finishing up very close to the average dates derived from much smaller crops. Moreover, the bumper corn and soyb...
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.