The estimated average utilization rate of China's soybean processing industry decreased sharply last week as a majority of those facilities ceased production due to sluggish demand from the downstream market. That then impacted the volume of soybean stocks at the country's seaports. Oilseeds Soymeal Inventories Continue to Rise on Tepid Feed Demand As expected, the strong volume of soybean shipment arrivals in the first-half of March combined with slack demand from the feed industry pushed China’s estimated soymeal inventories up again last week. The estimated total for all regions increased 140,000 MT to 1.17 MMT (+13.59 percent) through last Friday, which is 3.64 percent lower than a year ago. Among the surveyed regions, inventories ro...
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.