There was an effort to continue yesterday’s rally overnight. However, enthusiasm faded rather quickly as markets settled into mundane trade with soybeans holding a couple of cents higher and wheat turning down a like amount. That left corn in the middle and about unchanged. The day session continued the limited price movement on declining volume as markets wait upon developments from the Chinese trade negotiations that will resume Wednesday in Washington, DC. KC HRW and MGEX HRS were outliers. KC May fell nearly 12 cents soon after the day trading began, but it was able to recover enough to close only slightly lower. MGEX May fell hard and finished at a new low of $5.4175. With snow still covering much of the Dakotas as well as north...
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.