The CBOT posted a mixed day in light volume trade with preparations for the August WASDE that will come out this Friday driving much of the market action. Corn and the soy complex finished mostly higher while wheat was mixed as traders seem cautious against becoming overly short the market. Traders pared back bearish bets as the stress that crops endured this July could result in more bullish yield estimates from USDA than currently expected. Funds were cautious net buyers for the day and are still believed to be net long the major ag commodities except CBOT wheat. U.S. stocks were sharply lower in early trade Tuesday after Moody’s downgraded the credit ratings on 10 smaller U.S. banks, parcel carrier UPS posted a dimmer financial ou...
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.