Canadian Prime Minister Justin Trudeau and Chinese Premier Li Keqiang jointly announced yesterday in Ottawa that the two countries have reached an agreement regarding the shipment of Canadian canola to China. Excessive Rainfall Becoming a Major Impediment to U.S. Soybean Harvest There is no question 2016 could be a record year for U.S. soybean production. Early harvest results indicate very high soybean yields in the upper Midwest for the most part. This has particularly been the case in the Dakotas where the harvest is most advanced as well as in Indiana and Ohio. However, the problem is that most of the key soybean-growing areas have received so much rainfall in recent weeks that the harvest is going to be delayed by muddy fields. Accu...
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.