USDA economists have warned that this year's presidential election in Argentina could trigger a sharp decline in soybean prices if it results in that country's farmers selling sizable quantities of their soybean stocks. China's Soybean Production to Continue Declining China's National Grain and Oils Information Center (CNGOIC) yesterday estimated the country's 2015 soybean crop at only 11 MMT, a 9.5 percent decrease from 2014 production. The CNGOIC forecast is below USDA's of 11.5 MMT and is based on a 10.3 percent drop in the area planted to soybeans. The official think tank says the reduction in soybean plantings is a result of farmers shifting more land to rice and corn crops. If the decrease does occur, it would be the fifth straight...
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.