An Excellent Week for U.S. Soy Export Sales Today’s USDA export sales report showed last week was very good for U.S. soybeans, soymeal and soyoil. Soymeal sales were particularly positive, a possible sign of importers’ concerns about the availability of Argentine meal that could continue for the remainder of the current marketing year and the next. Net soybean export sales for the current marketing year totaled 1,133,000 MT, almost three times the amount of the previous week. The top destinations were unknown destinations (610,400 MT), China (137,000 MT), Bangladesh (108,300 MT), the Netherlands (76,300 MT) and Taiwan (59,100 MT). Sales for shipment in 2018/19 totaled 358,200 MT with China (255,000 MT), and unknown destination...
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.