The Hydrometeorological Center of Ukraine raised its 2015 grain estimate to 60.5 MMT, which includes 25.3 MMT of corn. Meanwhile, sunflower seed production is forecast to reach 10 MMT. Russian Grain Markets Harvest Update As of 27 July 2015, 32.1 MMT of grains were harvested from 8.9 million hectares compared with 37.2 MMT from 10.7 million hectares last year. This included 26 MMT of winter and spring wheat from 6.9 million hectares and 3.4 MMT of winter and spring barley from 1.07 million hectares. 146,500 MT of rapeseed were harvested from 91,200 hectares. Market Trends: 20-24 July 2015 The Russian domestic grain market situation was still unclear as weather conditions continued to limit a great deal of the harvesting in some regions...
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.