THE OPEN May beans: 13 1/4 higher May meal: 5.00 higher soyoil: 67 higher May corn: 1 higher May wheat: 5 higher Prices opened as expected with a cautious air from opening values given excellent planting weather for the month of April. May corn collapses, trading lower, while oilshare finds its footing as traders buy soyoil/sell meal. Traders buy wheat/sell corn as corn becomes the apparent sell leg of spread action today vs. wheat and beans. Meal prices find some weakness on continuing concerns over ASF. Reuters published an article quoting a source that sow stocks in northern China were 25-30% lower in the north from Feb. to March due to the latest outbreak of ASF. &n...
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.