Oilseeds Soymeal Inventory Reverses Course With the brief holiday concluded, the increased cost of soybeans and reduced crush output pushed soymeal inventories down last week. The estimated nationwide total fell 40,900 MT (-5.21 percent) to 785,100 MT as of 13 April, but that is up 158,600 MT (+25.3 percent) versus the second week of April 2017. Although there were declines in most regions, estimated inventories rose in Fujian, Guangxi, and Shandong with the latter experiencing the biggest increase for the second week in a row as stocks there climbed 18,900 MT (+15.01 percent). Looking ahead, there shouldn’t be a run-up in soymeal inventories any time soon because of the higher prices and modest crushing rates. The national inventor...
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.