Today's markets were all about the May WASDE released today by USDA. Corn futures traded both sides in about an 8-cent range before closing with just fractional gains. Wheat markets actually performed quite well, closing mostly with just minor losses. General Comments May grain and soy contracts expire 14 May. As of the close yesterday, there was very little open interest left to liquidate except for May soybeans, which at that point still had 2,366 contracts still open.Today's markets were all about the May WASDE released by USDA at noon (EDT). The report included USDA's first survey-based 2015/16 production estimate for U.S. winter wheat as well as its first real stab at 2015/16 supply/demand projections for U.S. and world crops. With t...
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.