Weak cash basis is a drag on corn futures and ethanol is that market’s only bright spot. Soybean futures firmed today on poor weather in Brazil while wheat futures remain stuck in a sideways trend. General Comments Overnight trade in grain and soy complex futures was very light as the Chinese holiday week is in full swing. The nation-wide holiday probably reduces the population of potential overnight traders. Trading was so slow that all we can say is those on holiday did not miss a thing.Activity picked up a little during the day session but trading volume remains slack. There was more price movement in the soybean and wheat markets. Soybean futures staged a small mid-session rally that put November soybeans up as much as 6.5 cents. By t...
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.