General Comments Markets were slightly easier in quiet trade again last night. Soybeans were trading 3-4 cents higher today, but corn and wheat mostly traded lower because of the strong U.S. dollar. Its strength was helped by the EU’s decision to continue its policy of economic stimulus with resulting low interest rates as well as the fact that third quarter U.S. gross domestic product (GDP) was unexpectedly high at 3 percent. The thought is that that will (again) make the corn and wheat export markets tougher. USDA announced the sale of 238,000 MT of soybeans to China and 132,000 MT of corn to Spain this morning. U.S. equity markets were again strong on the better GDP number plus big profits in the tech sector. Crude oil was also...
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.