Wheat: Net sales of 476,400 metric tons for delivery in the 2018/2019 marketing year were reported for Indonesia (170,000 MT), the Philippines (74,100 MT, including 55,000 MT switched from unknown destinations and decreases of 10,000 MT), Japan (72,200 MT, including 10,000 MT switched from unknown destinations), South Korea (62,600 MT), and Taiwan (53,600 MT, including decreases of 1,400 MT). Reductions were reported for unknown destinations (111,000 MT), Thailand (40,000 MT), and the Leeward and Windward Islands (5,000 MT). For 2019/2020, net sales of 61,000 MT were primarily for Thailand (40,000 MT) and the Philippines (10,000 MT). Exports of 666,200 MT were reported for Yemen (136,300 MT), the Philippines (1...
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.