Last year, Brazilian soybeans were able to compete against U.S. origin through December, and even January showed some exports. That will not be the case this year, and there are several reasons that combine to restrict Brazil’s exports in the second half of 2016. Soybeans The South American soybean market has been terribly slow these past few weeks. Most of the buying activity has occurred in North America, especially the Pacific Northwest (PNW) where Chinese buyers have been covering their needs with CNF purchases. One key reason for the sluggish pace is that Brazil is sold out of beans. The country’s last cargo was traded CNF from there last week for September shipment, and no more are available, at least not at competitive levels...
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.