This Friday’s USDA reports are an important influence on grain and soy price action for the next three months, but there are other factors looming that can also have an impact.Something is always influencing grain and soy prices. Even when that something turns into nothing of significance, prices can still react by doing nothing. We say this because this week will begin 2017’s springtime array of price points for grain and soy markets. USDA will release the results of its initial survey of U.S. farmers’ planting intentions for spring-sown field crops on 31 March as well as its latest quarterly estimates of U.S. grain and soybean stocks as of 1 March. This combination makes Friday’s USDA reports an important influence on grain and soy price...
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.