The Argentine government claims that farmers and exporters are holding as much as 21-22 MMT of stocks as a hedge against inflation, which it considers financial speculation that is bad for the country as well as for those two groups retaining them. Argentine Government Seeks to Force Farmers to Sell Soybeans Argentine Cabinet Secretary Jorge Capitanich yesterday said the government plans to use all of the tools at its disposal to force farmers and exporters to sell their soybeans so that the government can earn export tax revenue. The government argues that those two groups are holding as much as 21-22 MMT of stocks as a hedge against inflation, which it considers financial speculation that is bad for the country as well as for those reta...
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.