Corn had a relatively quiet trading day, but the market was firm the entire session. The strong wheat market in the early part helped corn as did the strong soybean market later. General Comments Wheat led Sunday evening markets slightly higher following much colder than forecast temperatures across the hard red winter wheat region Saturday night. Markets started today’s session firm with Chicago and KC wheat futures up as much as a dime at one point. The buying in wheat subsided by mid-morning. Corn and soybean markets were also firm.It was a relatively quiet trading session with average volume. There were no daily USDA sales announcements. Crude oil was steady to higher. U.S. financial markets were back and forth, but they gradually sta...
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.