Russia's domestic grain prices continued to drop (in RUB) across most regions, and grain exports from its seaports during 5-11 May were significantly lower than the previous week. Meanwhile, a new program in Kazakhstan is impacting the wheat crop there. Russian Grain Markets Market Trends: 8-12 May 2017 Grain prices continued to fall in RUB, but the strengthening of that currency caused them to grow in USD expression. GEOGRAPHICALLY 3rd grade soft milling wheat prices remained stable in the South but decreased in Central (-$0.20/MT), Volga Valley, Black Soil and Ural (-$0.80/MT), and Siberia (-$0.70/MT).4th grade soft milling wheat prices fell in Central (-$0.20/MT), the South (-$1.20/MT), Black Soil (-$0.30/MT), and Siberia and Ural (...
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.