With a number of Chinese processors preferring imported corn over domestic due to the former's lower price and higher quality, there are many applications competing for a very limited import quota. Oilseeds Soybean Import Surge Clogs Major Ports The postponed arrivals of U.S. soybean shipments that had been slated for December have jammed up several major ports in China, particularly in Shandong Province. The delays in clearance have created some intermittent supply shortages at nearby crushing facilities, which have been operating at full capacity through mid-December and into the New Year. Notwithstanding these difficulties, recent surveys indicate prices on imported U.S. soybeans have remained steady. Traders in Qingdao reported an av...
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.