There are already a number of private analysts issuing guesses on what farmers will plant in 2016. Most are looking for more corn and soybean acres as well as additional total planted acres. Those estimates seem optimistic, however, for several reasons.The January series of USDA reports could have been the last of the bearish numbers until the late spring/early summer period when Northern Hemisphere crops have been planted and more official new crop estimates appear. The fear of increased 2015 yields and crop production for corn and soybeans has passed. The lower-than-expected U.S. winter wheat planted acreage number should mean that at least U.S. wheat production will likely be unchanged or below the 2015 level. This will of course depend...
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.