Markets were quietly mixed in overnight trade, and that pattern held through much of today's session as well. Traditional funds are estimated to be long 51,000 contracts of soybeans, 57,000 of soymeal, 41,000 of soyoil, 230,000 of corn and 16,000 of wheat. General Comments Markets were quietly mixed in overnight trade, and that pattern held through much of today's session as well. There wasn't much follow-through selling after Thursday's steep losses in wheat and soybeans. Trading volume today was very light in the soy complex and moderate in wheat and corn ahead of the weekend and next Monday's series of USDA reports. Those will be released at 12 pm (EST) and are previewed in today's separate analysis.USDA announced the export sale of 13...
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.