THE OPEN Nov beans: 6 lower Dec meal: 1.30 lower Dec soyoil: 18 lower Dec corn: 3 1/2 lower Dec wheat: 5 lower The markets opened lower across the board led by corn futures. Pressure from negative chart price action and benign weather created the perfect storm for lower trade. The soy complex, which at first resisted the pressure, turned downward as well. Meal/beans dropped to new lows for the move down; soyoil futures continued its back and forth 100 point trading range activity. SOY Bean shorts were rewarded for their patience today as price action escalated to the downside following weaker grain trade. November bean charts were building in resistance from $9...
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.