Grain and soy futures markets were buoyed yesterday by the macro influences from the financial sector, and they were pulled back today by those same influences blowing in the opposite direction. The corn market, though, seemed curiously unmoved by the economic turmoil. General Comments Relieved financial markets rallied yesterday when China’s gross domestic product (GDP) growth in 2015 met expectations even though it was the slowest in 25 years. That sentiment quickly dissipated today as fears that the Chinese economy will slow further and that the world economy is stuck in neutral with developing countries mired in debt sent world financial markets tumbling lower again. Stock markets around the world gave back Tuesday’s gains and more as...
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.