THE OPEN May beans: 4 1/2 lower May meal: 1.20 lower May soyoil: 3 higher May corn: 1 1/2 higher July wheat: 8 lower Prices opened as expected but more selling pressure was noted across the board as funds continued to put on sales with early morning technical weakness. The soy complex was under pressure following the good break in Chinese markets, as processors who have been concerned about tightness are finding bean supplies from Brazil getting through ports, with more supply on the way. Corn traded lower with Dec. contracts posting a new low on bearish technicals. Wheat prices saw long liquidation on the cancellation of Egyptian business and weaker export sales. In the early mor...
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.