Corn couldn't follow wheat higher or soybeans lower today and traded near unchanged until a last minute rally pushed the market 1-2 cents higher, which might have been in sympathy with a small surge in wheat at the close. General Comments Markets were quiet overnight with corn and soybeans lower and wheat slightly higher. Wheat, however, found fund buying at today's opening and stayed strong for the remainder of the session. Soybeans and meal remained weak, but soyoil had more buying that followed from last Friday. There wasn't much news to start the week. Weather remains an issue in some regions (see today's analysis), and there is little weather premium in any of these markets. A weekend freeze caused some damage to barley and canola ac...
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.