Grain prices at both the Russian and Ukrainian markets continued to rise in the local currencies due to their devaluations. Meanwhile, Russia plans to implement a ban on certain U.S. imports beginning 15 February. Russian Grain Markets: 1-5 February 2016 During the week in review, grain prices at the Russian market continued to rise in RUB expression and decrease in USD expression (due to devaluation of the Russian currency). GEOGRAPHICALLY 3rd grade soft milling wheat prices decreased in the South (-$0.20/MT) and remained unchanged in Central, while they grew in Black Soil (+$0.20/MT), Volga Valley and Ural (+$0.80-1/MT), and Siberia (+$1.50/MT).4th grade milling wheat prices dropped in the South (-$0.20/MT) and remained stable in Cent...
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.