The Market CBOT December soymeal hit a new contract high today at 448.4 and with a gain of $12.19 at the close, the value is 442.4/ST, a 4.3 percent gain for the week. It now meets the highs seen last March. Soybeans and soyoil no doubt benefited from soymeal’s pull this week and both had gains on Friday, but not enough to prevent a loss of value for the week. November soybeans traded over the iconic $13 level today and on high volume it added 17.75 cents. But ending the week at 1297/bushel meant a loss of 0.4 percent. Similarly, December soyoil gained 0.53 cents on Friday to end the week at 52.27 cents/pound, a 2 percent loss on the week. Improved weather conditions in South America were a major market driver this week. It pu...
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.