Markets were again soft to start the Sunday night session and the week. Soybeans traded mostly back and forth overnight. Wheat markets were quite weak, though, and that held corn down as well. Last Friday night’s military action in Syria had no apparent effect on either U.S. commodity markets or equity markets, and the latter were very strong today. Meanwhile, the U.S. dollar and crude oil were both weaker. There were no daily export sales announcements. The weakness in wheat markets is attributable to rain in the forecast for the southern Plains and the fact that Russian wheat exports seem to have no end. Weather across the northern half of the U.S. will finally start to warm up and become more like spring, which is shown in the eig...
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.
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...