The selling pressure continued across the wheat markets, and the soybean market was underwater all day today as the downtrend continues to gain some momentum. Corn, however, did a respectable job of holding together. General Comments It was déjà vu all over again. Markets were easier to start this week Sunday evening on relatively good volume. There was some weekend rainfall across parts of the southern Plains with more in the forecast, although it appears that the big rains are now going to be farther north and east than expected last Friday. Those will hit some of the driest areas of the Corn Belt, notably Missouri and southern Illinois. The USDA reports are this Friday, so the trade likely won’t do much, at least not in any bullish way...
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.