Good U.S. Soybean and Soyoil Export Sales Last Week Today’s USDA export sales report showed last week was a good one for U.S. export sales of soybeans and soyoil as well a good week for exports of U.S. soymeal and soyoil. Notable was the additional export sales of soybeans for China. Net export sales of soybeans in the week ending 26 March for shipment in 2019/20 totaled 957,400 MT. That was 75 percent above the past four-week average. The top sales were for Mexico (388,000 MT), China (131,000 MT), Bangladesh (108,300 MT), Indonesia (97,800 MT), Egypt (55,000 MT) and Japan (44,200 MT). Sales of soybeans for export in 2020/21 totaled 114,000 MT with unknown destinations (65,000 MT) and Mexico (47,500 MT) being the top buyers. U.S. so...
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.