THE OPEN November beans: 3 3/4 higher December meal: .60 higher December soyoil: 21 higher December corn: 3 1/2 higher December wheat: 5 1/4 higher The markets opened on a higher note with more short-covering activity in play. Good pricing activity was noted for the lows in corn and meal, making yesterday an exchange of ownership from fund selling into commercial ownership. The commitment-of-trader's report is due out tonight and will be interesting to see how long funds remain in corn given the technical carnage for the week. Before this week, funds were longer corn, slightly short the soy complex. Funds are probably more evenly split at this point, as seems one needs some...
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.