Export Sales and Shipments for March 7-13, 2025 Wheat: Net sales reductions of 248,800 metric tons (MT) for 2024/2025--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average. Export shipments of 470,900 MT were up noticeably from the previous week and up 55 percent from the prior 4-week average. The destinations were primarily to South Korea (113,700 MT, including 16,100 MT - late), Japan (85,900 MT), Vietnam (63,700 MT), Mexico (60,500 MT), and Chile (52,300 MT). Corn: Net sales of 1,496,700 for 2024/2025 were up 55 percent from the previous week and 45 percent from the prior 4-week average. Export shipments of 1,686,800 MT were down 10 percent from the previous week, but...
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.