Today's USDA Export Sales Report indicated U.S. exporters once again had a big week selling soybeans with a total 1.326 MMT. That was down by 39 percent from the previous week's huge sales, but still sizable for any week of the year. Some Farmers in India's Madhya Pradesh Switching from Soybeans to Basmati Rice Reports out of India indicate a number of farmers in the Narmada River valley, located in the state of Madhya Pradesh, have begun shifting their land from growing soybeans to cultivating Basmati rice. Thus far, as many as 300,000 hectares have undergone this crop switch in order to boost incomes. Farmers in the region have not made money growing soybeans over the past few years. However, they have found that they can do so with Bas...
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.