Russian Grain Markets: 20-24 March 2017Market TrendsPrices continued to fall due to domestic factors as well as Turkey’s introduction of import duties for some goods of Russian origin, including wheat.GEOGRAPHICALLY3rd grade soft milling wheat prices kept dropping in Black Soil and Central (-$6.40-6.90/MT), the South (-$2.00/MT), Ural and Volga Valley (-$2.60-2.70/MT), and Siberia (-$4.30/MT).4th grade soft milling wheat prices also decreased in Siberia (-$4.20/MT), Central (-$3.50/MT), the South and Volga Valley (-$1.30-1.60/MT), and Black Soil and Ural (-$1.80/MT).5th grade wheat prices fell in Central and Black Soil (-$2.90-3.10/MT), the South (-$0.60/MT), Volga Valley (-$3.50/MT), Ural (-$0.80/MT) and Siberia (-$1.80/MT).Feed barley pri...
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.