NOPA's monthly soybean crush report, which was released yesterday, indicated soyoil stocks at the end of September totaled 936.88 million pounds (424,965 MT). That is the lowest volume for any month since November 2004. Low NOPA Crush Volume in September Reaffirms Tight Soybean Supply The National Oilseed Processors Association (NOPA) yesterday released its monthly soybean crush report for September, which reaffirmed just how few soybeans existed in the U.S. last month. The report indicated NOPA's members crushed only 99.97 million bushels (2.72 MMT) of soybeans in September. That was well below the average forecast of analysts polled by Reuters of 107.553 million bushels (2.93 MMT). It was also below the August crush volume of 110.663 mi...
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.