Corn and wheat markets were under some selling pressure in the Sunday night session with soybeans slightly higher on very light trading volume. Selling then accelerated in wheat at today’s opening on more fund selling as soybeans traded as much as 9-10 cents higher. General Comments Corn and wheat markets were under some selling pressure in the Sunday night session with soybeans slightly higher on very light trading volume. Selling then accelerated in wheat at today’s opening on more fund selling. Soybeans traded as much as 9-10 cents higher this morning before settling back to gains of around 1-2 cents at the close. Corn was stuck between wheat and soybeans, and it was 2-3 cents lower much of the day before finishing 3-4 cents down.It lo...
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.