Low volume and mixed price movement for grains and the soy complex characterized both overnight trading and the day session. Most traders seem to be positioned where they want to be ahead of Thursday’s USDA stocks and prospective planting reports. If they are not, it was (and is) too late to do much about it now given the limited trading volume. Funds have been trying to pare down long positions in corn and soybeans for the last week to shrink risks and cash in profits (if they have some on paper) in advance of those reports and the end of the first quarter of 2018. However, it was not possible to do much of that today. Every grain and soy futures contract on the board traded on both sides of Wednesday’s closes, but they almost...
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.