Crushers’ U.S. Soybean Opportunity Soybean processors in Europe, the Middle East and Asia stand to be very competitive with imported soymeal and soyoil in the next year. That is because U.S. soybeans will be available at a much lower price than South American origin, thanks to China’s 25 percent tariff on the former that has driven their price down by as much as $2.00/bushel in some areas while pushing up the price of the latter. U.S. soybeans at the Gulf are now available for October shipment on FOB basis for about $70/MT less than those from Brazil and approximately $50/MT less than Argentine soybeans. This means crushers in markets outside of China can import U.S. soybeans and sell the soymeal and soyoil output for less tha...
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.