THE OPEN Jan beans: 2 1/2 higher Dec meal: .20 higher Dec soyoil: 12 higher Dec corn: 2 1/2 lower Dec wheat: 5 1/2 lower The markets traded on a mixed note as called, with profit-taking in oilshare and follow-through for lower grain trade led by wheat. Volumes were small, as technical trading activity dominated. The stock market had the largest reaction in terms of trade negotiation chatter, while the bean market seemed to trade with a healthy dose of skepticism. The Dow set a record high as China's Commerce Ministry released a statement over the weekend confirming that some parts of the US/China trade agreement has been signed. Progress this weekend included China lifting a ban on the importa...
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.