THE OPEN Jan beans: 1 1/2 higher Dec meal: .10 higher Dec soyoil: 42 higher Dec corn: 3 lower Dec wheat: 4 lower Prices opened as called with the major feature being that of higher oilshare as traders bot soyoil/sold meal. Other spread trades of note included traders buying beans/selling corn and buying corn/selling wheat. Estimates in front of the USDA report included FC Stone printing negative ideas for corn with a 170 bpa, and production at 13.911 bln bu vs. USDA at 13.799 in October. FC Stone's bean yield was 47.5 bpa. Allendale Inc released their estimates with corn yield at 168.5 bpa and bean yields at 46.9 bpa. At 10:00 export inspectio...
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.