Like corn, soybean futures contracts spent most of today’s trade posting green numbers. November soybeans were up as much as 13 cents at the day’s high before closing with just a 2.5 cent gain. Wheat futures, though, were a tower of strength today, comparatively speaking. General Comments Without weather concerns to drive grain and soy futures markets at least in the short term, markets seem likely to shuffle toward USDA’s 12 August WASDE in up-and-down trade without much direction. Certainly, that was the case today as the grains and soybeans posted gains overnight, enlarged those gains during the first part of the day session and then later saw prices retreat back near yesterday’s closes in the case of soybeans and corn. Wheat markets w...
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.