GOOD MORNING, Prices are mixed this morning as the focus of the next two trading sessions will be setting up for the March 31 Planting Intentions report and Quarterly Stocks number. Wheat is higher as Russia's Ag Ministry said they have proposed grain export quotas, with the initial proposal calling for a 7 mmt limit over the April-June period. Beans are higher as Chinese crushers fear the spread of Covid-19 in major exporters could lead to further supply shortages, as operations are impacted in SA. Chinese bean futures jumped more than 3%, its highest level since May 2018, as cargoes are delayed. Funds sold corn yesterday, though end-of-day short-covering helped to shore up prices on the lack of downside fol...
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.