Soybeans Market Overview After a few weeks of good activity with strong purchases from China, the markets were very quiet last week as the U.S.-China trade talks kept traders sidelined awaiting the results amid several confusing and vague news reports about their success. Nevertheless, substantial origination was done midweek in Brazil. Farmer selling totaled nearly 1 MMT last Thursday when the real fell to 3.756 versus the USD. This pushed basis down as trading houses wanted to sell some cargoes to reduce their long position, but it was very difficult to find demand. At the beginning of last week, there were some concerns about the spot positions as the lack of farmer selling could tighten soybean deliveries from farmers to elevators, t...
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.