The wildest action on the board today was in soymeal spreads. Meanwhile, corn was lightly traded, and prices dawdled around in a 5-cent price range before closing 4 cents higher. Wheat futures prices at the three markets were up mostly 2.5-5 cents.We wish everyone a safe and happy Thanksgiving! General Comments EU Commission President Jean-Claude Juncker proposed a 315 billion euro program to stimulate the EU's stagnant economy and address high unemployment. The proposal would redirect 21 billion euros from the EU's current budget to be used to guarantee loans that would promote investments in job-creating projects of at least 315 billion euros. The proposal prompted a small rally in world stock markets, but it was met with considerable s...
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.