Vice Agriculture Minister Zhang Zhaolin has indicated that pollution in agriculture is becoming a serious issue, and he is not optimistic about China's environmental situation with respect to the farming sector. Oilseeds Soymeal Inventories Up Slightly As we projected, last week's estimated soymeal inventories were up for China's major crushers following five consecutive weeks of decreases since March. They rose nearly 3 percent overall to 725,600 MT, nearly 65 percent lower than the total of 1.99 MMT during the same week a year ago. Among the surveyed areas, total soymeal inventories increased the most in the north at almost 150 percent from the previous week. In Shandong and Fujian Provinces, they dropped 87.61 percent to 8,000 MT and...
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.