THE OPEN November beans: 2 1/4 lower July meal: .90 lower July soyoil: 1 lower September corn: 3 lower September wheat: 2 3/4 lower The markets opened with unwinding of recent buy bean and corn/sell wheat trade, along with buy soyoil/sell meal trade. Bull-spreading continued to be a feature as July contracts are rolled forward. At 10:00 export inspections: beans: 254,939 mt vs. 435,469 mt week ago wheat: 613.052 mt vs. 564,062 mt week ago corn: 1,295,845 mt vs. 921,272 mt week ago Inspections were light for beans and better for grains. For this day, any weakness in lieu of the bean inspections number served to present a short-covering opportunity. ...
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.