U.S. Soybean Exports and Sales Impacted by Larger Brazilian Sales The first two months (September-October) of MY 2017/18 for soybeans have not been very positive for U.S. exporters because of the 5 MMT increase in shipments out of Brazil versus the same period a year ago. Brazilian government data indicates 4.272 MMT were exported from that country in September against only 1.443 MMT in the same month last year with 3.87 MMT shipped in October, up 123.8 percent from that month in 2016. According to last week’s USDA export sales report, U.S. 2017/18 soybean exports through 26 October totaled 12.309 MMT versus 13.26 MMT a year earlier. Unshipped soybean export sales as of the same date totaled 18.131 MMT, down from 22.867 MMT a year a...
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.