THE OPEN May beans: 6 1/2 lower May meal: 2.10 lower May soyoil: 49 lower May corn: 6 1/4 lower May wheat: 9 3/4 lower The markets opened lower as called with new contract lows for beans, corn, and soyoil from the start of the trading session. Focus remains on macro affairs, with equities continuing their sharp declines as the Coronavirus spreads. Stock markets re-opened after being locked limit with further declines. Once again meal prices put in the best performance, turning higher from lower in the back months, particularly vs. soyoil. Oilshare weakened further as energies dropped and global demand from China could be challenged in the coming weeks. Continue...
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.