Markets were mixed overnight in extremely light trading volume ahead of today's 12 pm (EST) USDA reports. The direction of the markets and the volume of trade changed in a big way once those reports were issued. General Comments Markets were mixed overnight in extremely light trading volume ahead of today's 12 pm (EST) USDA reports. The direction of the markets and the volume of trade changed in a big way once those reports were issued, and there was instant pressure across the board led by big losses in soybeans. Corn also collapsed in the minutes after the release but quickly found its way back to unchanged and then traded higher the rest of the session. Wheat was slightly lower much of the session, made it back to unchanged around noon...
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.