When there have been month-over-month increases in yield and production estimates through October, history suggests that the odds strongly favor a further rise in November. With that background, analysts and traders have once again started the game of guessing what numbers USDA will release next Monday.Voters are finally going to the polls for the 2014 midterm election today, and all of the related punditry will peak tonight as the results are counted and over-analyzed by TV commentators. The pre-result consensus seems tilted slightly in favor of the Republicans capturing the Senate even though the prevailing mood of voters around the country is one of sour dissatisfaction with Democrats, Republicans and Washington DC in general.Dave Juday...
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.