Large US. Soy Export Sales Last Week USDA’s weekly export sales report of today surprisingly showed a major increase in the volume of U.S. soybeans sold last week and also very good totals for soymeal and soyoil. The higher sales were most likely a result of importer concern about the impact of the ongoing drought in Argentina and Uruguay on future supplies. Net soybean sales for export in 2017/18 totaled 2,509,500 MT, up 193 percent from the previous week. The top destination was China at 1,275,900 MT, an unexpected but welcomed amount considering how many fewer U.S. soybeans have been sold/shipped to that country in the current marketing year The other major destinations were Mexico (307,100 MT), Egypt (221,000 MT) and Bangladesh...
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.