Nearly every market analysis or presentation seems to start with the assessment that the "world is awash" in grains and oilseeds. It is now mid-December, and we should already be in "slowdown" mode in these markets because of the holidays. However, this week's trading activity certainly didn't have any holiday feel to it.Nearly every market analysis or presentation you read or listen to these days seems to start with the assessment that the "world is awash" in grains and oilseeds. At least that is the bears' current mantra. The problem is that has been the mantra now since before the Northern Hemisphere crops were harvested several months ago. Corn, wheat and soybean markets apparently put in their lows back on 1 October, which was before U...
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.