French wheat exports (to non-EU destinations) are expected to decline by 30 percent versus last year because of quality problems. Consequently, France's ending stocks are projected to increase by about 80 percent with a large majority of that destined to be feed wheat. Milling Wheat The Black Sea market is firmer. There were a few discounted offers last week for Russian wheat (December shipment), but these are now gone and the currently offered prices are higher. The Russian ruble was slightly firmer this morning compared with a week ago, which also gave some support to the prices in USD expression. Russia and Ukraine together have exported about 20 MMT of wheat since the start of the campaign, about 5 MMT more than at the same time last...
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.