Prices swung in wide ranges on both sides before finishing with relatively small changes. Drawn by the rather dramatic change of market momentum this week, technical traders were back again as buyers as were index funds. General Comments Trading volume was again heavy during the overnight session with prices of corn, soybeans and wheat trading both sides of Wednesday's closes. This same pattern carried over to the holiday-shortened day session as well. Prices swung in wide ranges on both sides before finishing with relatively small changes. Drawn by the rather dramatic change of market momentum this week, technical traders were back again as buyers as were index funds. Most of the fund buying was concentrated in the corn market with the r...
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.