Corn futures ended about 3 cents lower today under pressure from last week's relatively small export sales, further evidence that lower Brazilian offers as far ahead as November are cutting into demand for U.S. corn. General Comments It was not a good day for quite a number of markets. Stocks finished lower with the Dow off 120 points. Crude oil fell to $44.66, down $0.49 and 27 percent lower since its spring rally peaked in June. Copper finished lower. The U.S. Dollar Index dropped below 98.0. Corn and soybeans declined, but wheat countered the trend to close higher. All of the prominent commodity indices finished lower.The weekly export sales report through 30 July played a big role in today's price action. Last week's wheat sales reach...
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.