The weaker USD helped support grain and soy futures prices overnight amid decent trading volume. However, its influence waned during day session futures trading, and prices weakened across the board for everything except soyoil. General Comments The U.S. Dollar Index traded lower for the fourth day in a row as traders exit long positions ahead of tomorrow’s key U.S. jobs report. The fear is that employment growth may have stalled in January after the holidays and thus will delay another interest rate hike by the Fed in March. Some analysts who are bearish about U.S. economic growth prospects are betting against another increase any time in 2016. The weaker USD helped support grain and soy futures prices overnight amid decent trading volum...
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.