Wheat has few friends on a good day, so it didn't have much of a chance to trade higher when corn and soybeans were both weak, which was the situation today. General Comments Markets were steady to slightly higher early in the Thursday evening session, but fund selling started to increase and the markets finished the session lower. The funds' selling was never considered heavy, although they were net sellers in everything except soyoil. Managed money is now long wheat, corn, soybeans, soyoil and soymeal, but all of those long positions were reduced slightly this week.There just wasn't much else to talk about today. Markets were strong Monday and most of Tuesday, but they softened considerably during the last half of the week. Weekly expor...
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.