Overnight trading activity was active for soybeans but rather light for the grains. Drifting is a good word to describe Wednesday's day session, and that is what prices did with a bias toward lower for corn and soybeans. General Comments Overnight trading activity was active for soybeans but rather light for the grains. Tuesday's close for July soybeans fell below long-term support at $9.50, generating some technical selling that added to trading volume overnight. Although corn and wheat futures prices also closed lower Tuesday, there was nothing to energize those markets overnight, and they simply drifted a little lower.Drifting is also a good word to describe Wednesday's day session, and that is what prices did with a bias toward lower...
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.