The CBOT firmed on Friday as the week-long selloff found support and markets look to be more or less comfortable with their current level. Funds were modest sellers of wheat while buying 7,000 contracts of corn, some 6,000 soybean contracts, and adding to soymeal/soyoil longs too. Cattle futures were lower ahead of the post-close Cattle on Feed report while lean hog futures rallied sharply following what was thought to be a bearish Hogs and Pigs report. The U.S. harvest will quicken this weekend with good weather forecast for most of the Midwest. The soybean harvest is approaching the major producing region and yields are expected to improve commensurately. Corn harvest is slow with cool temperatures in parts of the Midwest delaying...
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.