Because of the growth in its poultry sector and aquaculture industry, Turkey's consumption of soybeans and soymeal has been rising rapidly in recent years as have imports, which are projected to increase 23.3 percent in the current marketing year against the volume of four years earlier. Declining Real Boosting Brazilian Meat, Soy Exports and Soymeal Consumption As previously noted, the devaluation of Brazil's real against the U.S. dollar has mostly insulated that country's farmers from the impact of declining global soybean prices over the last year. The devaluation is now generally believed to be the reason why they will further increase their soybean plantings for harvest in 2016. Oil World is predicting the gain in the 2015/16 crop y...
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.