Back on 22 July, we wrote … this year’s corn crop will likely have a very high moisture content. There hasn’t been a need for drying in the past five or so years, so that will add a new wrinkle to storage and the corn market this year. And that has turned out to be the case. There is a backlog of propane deliveries across the corn belt, and there are even reports of rationing as dealers are allocating deliveries to farmers. Farmers who have the capability to use natural gas have a relative advantage right now. It is the perfect storm: a wet crop and a late harvest as the weather is turning colder is boosting the competing demand for propane from the livestock/poultry and residential sectors, causing...
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.