GOOD MORNING, Prices ended on an upbeat note Friday on rumors of Chinese bean buying out of South America along with stories of low protein Brazilian beans, which could turn buying interest back to the US. The Brazilian bean crop reportedly has the lowest protein levels in 4 years, which is supposedly already cutting into some companies doing business with China. According to a Reuters article, Chinese run media Xinhua reported Chinese businesses have inquired with US agriculture exporters to buy crops, and even applied to the Chinese government for lifting of tariffs. Additionally, there were rumors that China may lower its VAT tax, which could also help US imports. Ratings tonight are expected to decline 1-3%, th...
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.