Markets were weak overnight with wheat leading the way down after yesterday's technically poor closes. Corn again had a very docile trading day, considering the sharp losses in wheat and weakness in soybeans. General Comments Markets were weak overnight with wheat leading the way down after yesterday's technically poor closes. That weakness followed through into today's session. Crude oil was $2.00-2.50 higher, and U.S. financial markets were steady following yesterday's huge gains. It is also Friday and the next two weeks will be abbreviated by the Christmas and New Year holidays. USDA did announce two corn export sales this morning to Mexico (101,000 MT) and Japan (131,000 MT). Trading volume was on the light side.Informa released its m...
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.