Global economic uncertainties are likely to continue, and they will influence commodity markets including grain and soy periodically. However, many of the weakest market shorts have gotten out or at least reduced their exposure by now.Soybean and corn harvesting is underway full blast across the Midwest except for the eastern areas that are still experiencing lingering showers, and those should join the party in a few days. So far this week, producers are reporting fabulous yields similar to those prevailing before the rain delays. Meanwhile, planting of the remaining winter wheat acreage has also resumed. USDA reported that 76 percent of winter wheat had been planted as of 19 October, which is about average for the date, and that 56 percen...
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.