While corn is sitting at or near contract lows and wheat was lifeless again today, the soybean market received a lift from another round of export sales announcements this morning. General Comments Markets were mixed in overnight trade on little fresh news to end the week and the month. That changed when USDA announced another round of soybean export sales this morning, which pushed the soy complex higher at today’s opening. USDA has announced a total of 717,000 MT of old and new crop soybean export sales this week to China and unknown.Weather is still basically benign heading into August. There will be periods of heat and limited rainfall, but nothing appears to be serious enough today to create any uneasiness about yield losses.U.S. fin...
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.