Today's soybean export sales announcement didn’t change the market’s weaker start. Meanwhile, Minneapolis wheat futures came under more selling pressure after yesterday’s late collapse. General Comments Markets were lower in quiet overnight trade. Volume was light, and that pattern continued throughout today’s session. Selling was centered on soybeans and Minneapolis wheat futures. Meanwhile, corn and the other two wheat markets found light buying.USDA announced another soybean sale of 132,000 MT to China this morning, which didn’t help today’s soybean trade.Some light rain was moving across the northern Plains today, but coverage was spotty. Weather in South America is still an early issue with the northern half of Brazil hot and dry as...
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.