Oilseeds Soymeal Inventory Continues to Fall as Utilization Rates Decrease With crushers reducing their operational output, China’s soymeal inventory decreased again for the second straight week. The cutbacks have helped push up prices just as port inventories of imported soybeans have declined (see discussion below). As a result, the estimated nationwide soymeal inventory totaled 773,700 MT as of 30 March 2018, down 16,400 MT (-2.1 percent) from the previous week but up 37,000 MT (+5 percent) compared with a year ago. At the regional level, the inventories in the East and Guangxi had the most significant drops, falling 21,600 MT (-4.4 percent) to 464,800 MT and 29,300 MT (-44.4 percent) last week to 36,700 MT, respectively. With B...
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.