The June data shows that the trend toward larger U.S. exports is already underway, but current export sales volumes for 2016/17 provide a way to add some quantitative parameters. So far, though, markets have not given the changing export outlook the consideration it probably deserves. A forthcoming sharp boost in export demand for U.S. corn, soybeans and even wheat has been the subject of discussion here for the past few months. Official U.S. Census Bureau data for June shows that such increases are well underway. Soybean exports totaled 37 million bushels, the largest volume for that month in four years. Brazilian and Argentine exports have dominated the world soybean trade in recent years, at least until U.S. new crop availability in Sept...
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.