THE OPEN March beans: 5 higher Mach meal: 1.00 higher March sooil: 6 higher March corn: 3/4 lower March wheat: 6 higher Prices opened as expected with a late corn sale reported by the USDA for 101,600 mt of corn sold to unknown for 20/21. Early trades included more profit-taking on recent buy corn/sell wheat spreads, as well as buy soyoil/sell meal. Market longs appear to be lightening up on corn and soyoil positions a bit. The Lunar New Year for China is from Feb. 12 - 17, which could have found more buying activity into that time-frame. Farm Futures released their estimates for spring acres for 2021 which is based on a survey ot 806 farmers during the month of January: US sprin...
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.