Hot, dry weekend weather drove the wheat market higher in the overnight session, though more moderate weather forecasts issued today pulled the market back. Fund's new net short position in corn created bearish trading sentiment... General Comments Corn, soybean and wheat futures were all higher in the Sunday evening session with wheat trading as much as four to five cents higher in KC and six to seven cents higher in Chicago. The gains in wheat were the result of weekend temperatures in the low- to mid-90’s and windy weather across the southern plains. The higher trend present in the overnight session changed at today’s opening as weather forecasts offered some promise for at least scattered showers across the southern plains by this wee...
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.