Soybean futures contracts closed up about 1 cent except for January, which gained 3.25 cents and is now at a 10.5 cent premium to March. The inverse has been mainly a response to problems moving spot supplies due to the recent storm and flooding, not by a shortage of soybeans. General Comments After the Chinese stock market fell almost 7 percent yesterday, triggering a negative ripple effect throughout world equity and commodity markets, China’s central bank intervened today by supporting the yuan and pumping about $20 billion of short-term liquidity into the country’s financial markets. This helped calm some of yesterday’s fears of a major Chinese economic slump. The Shanghai Stock Index closed with only a minor loss today. Some China-de...
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.