U.S. Soybeans’ Lower Protein Content Not Unusual A Reuters article yesterday correctly indicated the average protein content of the 2017 U.S. soybean crop is below last year, but its suggestion that this was something new is inaccurate. The average protein and oil content levels of U.S. soybeans vary from year to year because of weather conditions during the growing season. Preliminary data from an annual crop quality survey done for the U.S. soybean sector noted that this year’s average protein content will likely be close to 34 percent, which is 0.5 percent less than last year. It is normally lower in the western and northern regions of the soybean growing areas while higher in the eastern and southern parts. Since the...
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.