The first advance estimates for India’s 2016/17 kharif production have been released, and they indicate a bumper crop this year. However, the trade believes these are too high, especially for soybeans, and this is reflected in its own forecasts. Kharif Production First Estimates Released The first advance estimates for India’s 2016/17 kharif production have been released, and they indicate a bumper crop this year. Food grain production is forecast at 135.03 MMT, 8.89 percent higher than last year. However, the largest gains are projected for pulses (57.04 percent increase to 8.7 MMT), oilseeds (40.80 percent increase to 23.36 MMT) and coarse cereals (19.43 percent increase to 32.45 MMT). While grains and even cotton production are also an...
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.