Soybeans Market Overview There was significant movement in Brazil’s market last week, both on spot positions as well as new crop positions. The trade war intensified last week, with President Trump tweeting that China is losing the trade war. By the end of the week, China imposed additional tariffs on U.S. products, which effectively raised the tariffs on U.S. soybeans from 25 to 35 percent. That announcement, however, really doesn’t change the market as trade between the U.S. and China was already stopped for soybeans. China still needs to ship its purchased soybeans, which now will face an additional import tax. This should not affect American exporters are their contracts should be honored. In any case, s...
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.