The Market Now this is volatility. January soybeans hit a two-month high on Wednesday, and on Thursday, January soyoil closed limit down. It has been a long time since there has been a limit down on soyoil but the announcement by U.S. EPA on blending requirements for advanced biofuel during 2023-2025 was a real Debbie Downer. Soyoil continued the bleeding during today’s trading. The oilseed industry characterized EPA’s blend targets for advanced biofuel as “insignificant increases.” While the increase for 2023 is modest, the 2024 obligation is increased by 13.7 percent and the 2025 jump in required volume obligation is 12.2 percent. But, for the oilseed gods, the devil is in the details. As calculated by WPI&...
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.