The headline story of last spring and shortly thereafter was the record-strong El Nino and its potential impact on North American crop production this summer. However, the outcome has thus far not quite been as expected.The headline story of last spring and shortly thereafter was the record-strong El Nino and its potential impact on North American crop production this summer. The key ingredient to the weather story was that this El Nino would transition quickly to a La Nina. Analog years have had a very strong correlation to mid-late summer droughts across the U.S. Corn Belt and northern Plains. That would of course also mean greatly reduced corn and soybean yields as well as possibly spring wheat yields.Now it is the middle of September, a...
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.