Wheat: Net sales of 360,600 metric tons for 2019/2020 were down 27 percent from the previous week and 14 percent from the prior 4-week average. Corn: Net sales of 487,900 metric tons for 2019/2020 were down 11 percent from the previous week, but up 15 percent from the prior 4-week average. Soybeans: Net sales of 1,807,400 metric tons for 2019/2020 were up 92 percent from the previous week and 41 percent from the prior 4-week average. Soybean Cake and Meal: Net sales of 262,400 MT for the 2019/2020, primarily for the Philippines (143,200 MT), Colombia (53,300 MT), Mexico (16,000 MT), Japan (10,300 MT), and Burma (9,700 MT), were partially offset by reductions primarily for unknown des...
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.