Wheat futures tried to sustain a small rally today, but that effort didn't uncover enough buying to offset the weakness in soybeans and eventual weakness in corn. General Comments Today being the last day of July as well as Friday perhaps brought a calmer trade to today's markets. Prices started slightly better overnight, but those small gains didn't last long in quiet trade. Soybeans led markets lower today after USDA announced the cancellation of 200,000 MT of old crop soybean sales to China. It also reported sales of 108,000 MT of corn to Mexico and 127,000 MT of wheat (white, hard red winter and hard red spring) to "unknown."Weather continues to look mostly benign across the U.S. August will start with above-normal temperatures and no...
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.