Higher USDA Soybean Inspections Last Week USDA reported on Monday that 679,379 MT of U.S. soybeans were inspected for export last week, up 44.3 percent from the previous week. Of that amount, 216,040 MT were destined to China. It was notable that 115,652 MT were out of the Gulf as relatively few soybean cargoes are normally shipped from there to China at this time of the year. The inspection of containerized soybeans for shipment totaled 77,478 MT last week, all destined to Asia. Lower Canadian Plantings of Canola and Soybeans Expected Statistic Canada last week reported the results of its prospective plantings survey, which found Canadian farmers plan to plant 21.383 million acres of canola in 2018, down from 22.391 million acr...
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.