USDA's friendly wheat and soybean estimates weren’t enough to spook the funds to cover lengthy short positions. They headed into this weekend short wheat, corn, soybeans and soymeal. General Comments Markets were quiet last night and today with light volume. USDA’s reports impacted the markets Wednesday for about 30 minutes before trading returned to the same lethargic pace. The friendly wheat and soybean estimates weren’t enough to spook the funds to cover lengthy short positions. They headed into this weekend short wheat, corn, soybeans and soymeal. Planting weather looks good for the next three to five days before another major system will move across the Corn Belt. That could drop some heavy rains across the same areas that are alread...
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.