THE OPEN January beans: 2 1/2 higher December meal: 6.20 higher December soyoil: 31 lower December corn: 4 higher December wheat: 11 higher The markets opened as called with profit-taking and choppy price action. Beans traded lower in the absence of fresh sales, while oilshare weakened again on the back of traders continuing to buy meal/sell soyoil. Crush margins continue to be attractive, which is incentivizing crushers to crush all they can. At 10:00 export inspections were released as follows: corn: 911,012 mt vs. 838,849 mt week ago (vs. an expected 755,000 mt) beans: 2,173,521 mt vs. 2,396,908 mt week ago (vs. an expected 1.7 mmt) wheat: 239,688 mt vs. 51...
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.