Huge U.S. Soybean Export Sales Last Week Today’s USDA/FAS export sales report for the week ending 17 September indicated exporters sold a huge amount of soybeans for export. Sales of soymeal also were positive. Net soybean export sales totaled 3,194,700 MT. The last time more soybeans were reported sold in a single week was in the week ending 1 September 2016 when exporters reported selling 3,766,583 MT. Last week’s sales were well above the predictions of analysts queried by Reuters. The top sales were for China (1,879,100 MT), unknown destinations (770,500 MT), Thailand (115,500 MT), Indonesia (100,900 MT), and Mexico (68,400 MT). Soybean exports totaled 1,282,500 MT. The top destinations were China (769,300 MT), Indonesia (...
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.