China’s estimated domestic soymeal inventory unexpectedly declined by 50,000 MT (-5.88 percent) last week to 800,000 MT, driven mainly by two factors. Now the Dalian soymeal contract for September (m1609) is up RMB 71/MT ($10.68/MT) to RMB 3,075/MT ($462.46/MT) from a month ago. Oilseeds Soymeal Inventories Fall Again as Processing Rates Drop Defying the previous forecast here, China’s estimated domestic soymeal inventory declined by 50,000 MT (-5.88 percent) last week to 800,000 MT, driven mainly by two factors. The first is the abatement of torrential rainfall, which had caused flooding throughout China and severely hampered major hog-producing provinces like Hebei where 154 people were killed. Daily commerce in Beijing was also notabl...
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.