Negotiations are ongoing between the UN, Turkey, and Russia for extending the Black Sea grain corridor agreement beyond its scheduled expiration this coming Saturday. The Russians are demanding the removal of Western financial hurdles to their own trade, and the U.S. and EU have reportedly provided written assurances. All seemed to be on a path for resolution until… Wheat had been trading negative all session, with corn and soybeans looking lackluster. However, news broke late in the session that Moscow’s aggressive missile attacks on Ukraine included one veering into NATO member Poland and killing two people. Jets were reportedly scrambled, and Russia had also knocked power out in Moldova. The ugly situation was enough to sen...
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.