The fallout from Egypt's new zero ergot standard for wheat continues with no offers for its recent tenders and confusion regarding shipments purchased under the previous level allowed. Meanwhile, in what is perceived to be a reaction to rejection of any ergot presence, Russia has taken action of its own. Regional Updates MIDEAST/MEDITERRANEAN COMMENTS Egypt’s irrigation minister is in Khartoum for a meeting with Sudanese and Ethiopian officials regarding signing agreements for two studies to examine the Nile River downstream effect of the Ethiopia Grand Renaissance Dam. This pertains particularly to Sudan and Egypt, and all are concerned over the sharing of the Nile River water and the impact to local agriculture and irrigation. Ethiopia...
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.