The overnight session saw grain and soy futures prices trade lower following Monday’s technically disappointing trade. That weakness carried into the early stages of the day session when short covering and technical buying again reappeared to lift prices into the green. General Comments The overnight session saw grain and soy futures prices trade lower following Monday’s technically disappointing trade. Prices firmed during the first half of the day session on Monday in response to the huge noncommercial short positions shown in the U.S. Commodity Futures Trading Commission’s (CFTC’s) Commitments of Traders (COT) report the previous Friday (see today’s analysis). However, markets could not hold Friday’s highs and closed near session lows,...
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.