With a generally benign weather outlook, the corn and soy markets had little to trade on today, and the light volume reflected that. Meanwhile, wheat continues to search for friends. The biggest splash came from outside markets. General Comments Corn and soy markets did turn around to some degree in this Tuesday's trading, and wheat tried to as well for a brief while before turning lower once again. This was the pattern in overnight trading, and the day session more or less followed along, although the corn market faded toward the close. Trading volume was relatively low. Nevertheless, August soybeans closed up 11 cents, but November gained only 5.25 cents. The corn market was up about 5 cents at its session highs but fell back to close o...
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.