After falling sharply from the wet weather highs, grain futures markets are quite oversold and due for a bounce, which is what they got today until wheat ran out of gas late in the session and slipped below Wednesday's closes. General Comments The Commerce Dept. reported that U.S. gross domestic product (GDP) growth in the second quarter was 2.3 percent, below expectations of about 2.7 percent, but still considered to be good enough to keep the Fed on track for a rate increase in 2015. The U.S. Dollar Index was up more than .6, although stocks were less impressed and were down most of the day before closing about unchanged. Crude oil was down about 20 cents.After falling sharply from the wet weather highs, grain futures markets are quite...
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.