General Comments The Sunday night markets were mixed with soybeans strong early, corn steady and wheat slightly weaker. Trading volume last night was pretty good. There wasn’t much news around the markets. Weather in Brazil is improving, and the U.S. soybean harvest is nearing the finish line with corn a bit more than half done. Funds are still short wheat and corn but long soybeans. Trading volume today was less than average. The semi-annual CME margin adjustments were released today, and the new margins are effective through the last trading day of May. The only changes were reductions in the daily limits on soybeans and soymeal from $0.70/bushel to $0.65/bushel and $25/ST to $20/ST, respectively. This will not have any impact on...
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.