THE OPEN November beans: 9 higher December meal: 3.50 higher December soyoil: 30 higher December corn: 4 higher December wheat: 10 higher The markets continued to gain upside momentum placing new highs for everything but soyoil, as oilshare remains the weakest link in a strong market. Wheat charts continued strong. Funds bot another chunk yesterday which makes them long a possible 277K beans, 87K meal, 94K soyoil, 165K corn, and 50K wheat. Rumors of more Chinese business and announcements this AM were enough to trigger the higher trade. World weather needs to turn wetter in order to see a better sell-off but given the pace of buying today's closes will be important as prices have n...
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.