THE OPEN March beans: 8 higher March meal: .80 higher March soyoil: 41 higher March corn: 4 higher March wheat: 8 3/4 higher Prices opened as expected with further gains on the back of fund buying activity. Chatter about further wheat buying from China and new contract highs in corn fueled the market upward. A good inspections report and confirmed delays for Brazilian harvest keep beans slanted to the upside, as more fund buying kicks in pre-Feb. WASDE. At 10:00 export inspections were released as follows: beans: 1,800,682 mt vs. 1,906,432 mt week ago corn: 1,576,663 mt vs. 1,116,097 mt week ago wheat: 441.076 mt vs. 414,348 mt week ago Corn inspections were good, fuelin...
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.