CBOT soybean prices recovered today as political fears in the U.S. and Brazil were calmed. Wheat futures were higher, and one can now logically make a bullish case for wheat. Market Commentary Ag commodities started the week with slow, unexciting trading, but they did not finish that way. The political uncertainties in the U.S. and Brazil created a whirlwind of effects that rocked the grains and oilseed markets. Brazil’s presidential scandal sent the real as much as 8 percent lower on Thursday, which created a selling frenzy at the CBOT.After yesterday’s selling party in Chicago, the overnight markets recovered with decent trading volume. Both Brazilian President Temer and U.S. President Trump gave public statements that calmed the market...
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.