Big crops along with growing grain and soybean stocks will continue to be the most important underlying fundamental factor for futures markets and cash markets, just as in 2015.It has been our habit as each year draws to a close to look back at some of the highlights and speculate about what the new year may offer for the future. These are our thoughts for New Year’s Eve 2015.In terms of crop production, 2015 was another banner year. Although USDA’s final U.S. production estimates will not be available until 12 January, it seems very likely that 2015/16 U.S. soybean production has set a new record at just under 4 billion bushels. U.S. corn production should be near 13.7 billion bushels, the third year in a row that it has topped 13.5 billio...
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.