Stats Canada issued its estimate that 7 million acres (2.83 million hectares) will be planted to barley this year. That is 15.6 percent less than last year and 9 percent lower than the average estimate of the trade. Instead, farmers will be planting more durum and oats due to their higher potential return. The area planted to barley has been trending lower for many years. Over the past couple of decades, Canada’s share of globally traded barley has dropped from nearly 23 percent to 11.5 percent of the total. Instead, the EU, Australia, Russia and Ukraine have taken over dominance in supplying the world with barley. However, this skews the fact that Canada remains the world’s second largest export supplier of malt barley,...
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.