A few years ago, Canada was expected to become a larger producer of soybeans. A warming climate together with improved seed traits, including Roundup-Ready,were to bring the Canadian farmer a new choice for profitability. But production of soybeans peaked in 2017 and is now in decline, as is the output of corn and canola. The reasons include weather conditions but also profitability. Instead, Canadian farmers have boosted their production of a traditional crop - wheat. Soybeans and other crops could return to compete with wheat, especially if the climate continues in a direction favorable for the warmth and better moisture demanded by other grains and oilseeds. But for now, wheat is a good crop to grow. ...
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.