No matter what corn yield and production numbers one might use for the U.S. 2014 crop, they will set new records by wide margins. This crop shows the kind of response that can be obtained when the latest corn seed varieties are matched to a growing season with near perfect weather. USDA is scheduled to release a battery of reports 12 January. These will include the USDA/NASS final (unless later revised) U.S. crop production estimates, the initial estimate of U.S. winter wheat acreage, quarterly stocks of U.S. grains and oilseeds as of 1 December and the updated U.S. and world supply/demand estimates for January. With such an array of fresh fundamental inputs from USDA, the January report day is always one of the most important of the year f...
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.