Empty Wheat Deal The new USMCA requires that both Canada and the U.S. give imported wheat no less favorable treatment than is accorded domestic production. Currently, Canada denies wheat from the U.S. any grading level, which forces it to be sold at no better than feed grain value. Meanwhile, Canada ships 125-150 million bushels of spring wheat and durum to the U.S. unimpeded by any similar market restriction. But the U.S. doesn’t produce the same varieties as Canada, and that country’s wheat growers are saying it is unclear that the grain varieties registered for grading by Ottawa will be expanded to include American-style wheat. When Less is More The U.S. poultry industry is mostly pleased with the outcome of the ne...
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.