In order to supply European firms seeking non-biotech soybeans and soymeal, the German farming company KTG Agrar AG has sharply increased its plantings of this soybean variety over the past few years. However, some reports suggest a reason why demand may be abating. German Company Expanding Non-Biotech Soybean Production The German farming company KTG Agrar AG grows approximately 45,000 hectares of crops annually. In order to supply European firms seeking non-biotech soybeans and soymeal, it has sharply increased its plantings of this soybean variety over the past few years. The company is growing 11,000 hectares of the crop this year in Romania, Germany and Lithuania, up from 7,000 hectares last year. It did not produce soybeans until 20...
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.