The CBOT was mixed in moderate trading volume at mid-week with the weeks-old themes of harvest pressure and export issues at the forefront of traders’ minds. Soybeans initially found strength on a strong rally in soyoil, but eventually pared gains as few want to be long amid a slow export pace and logistics issues along the Mississippi River. Wheat futures found some quiet support from commercial buying and slow cash sales in the Midwest but remain trapped in their current, short-term downtrend. The livestock markets traded higher in a continuation of their recent trends but buying interest in those futures is starting to fade as contracts are at or above contract highs. Funds remain active but relatively quiet in the markets with gen...
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...