THE OPEN May beans: 1/2 higher May meal: 4.20 higher May soyoil: 12 lower May corn: 1 1/2 lower May wheat: 3 higher The markets were mixed with the major theme that of unwinding of inter-market spreads. Oilshare was trading weaker as traders return to buy meal/sell soyoil, and wheat/corn spreads correcting a bit. Prices remained on the defensive overall, as traders booked profits on recent price rallies. Wheat prices head lower as the chart lost its bid vs. the last several weeks. Reuters reports the following: International Grains Council (IGC) forecasts record world grain crop for 20/21 at 2.22 bln tons, up 2% on the year International Grains Council (IGC) forecast...
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.