Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznador) today indicated it may soon prohibit U.S. soybean imports because of what it claims were seven cases of shipments contaminated with banned objects. Chinese Soybean Imports Up in 2015, But Those from the U.S. Declined Data released today by China’s General Administration of Customs indicated the country’s 2015 soybean imports increased 14.4 percent to 81,693,953 MT. Last month’s total was 9,119,844 MT, a gain of 6.94 percent over December 2014. The average import price in December was $392.39/MT ($10.68/bushel).Despite the boost in China’s soybean imports last year, shipments from the U.S. to that destination fell 5.37 percent to 28,414,496 MT compared...
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.