The prospects for limited exports out of France are increasing demand for Black Sea wheat as well as other origins. There was one unusual trade involving two or more cargoes of Romanian wheat and also rumors regarding the sale of several cargoes of U.S. HRW. Milling Wheat The Black Sea market remained about unchanged during the last two weeks despite alarming news regarding the French crop. The market would have been under heavy pressure if that crop had been normal this year, and prices could have dropped $10-20 below the current level. The prospects for limited exports out of France are increasing demand for Black Sea wheat. France exported 12.5 MMT (to non-EU destinations) during 2015/16, and it may have less than 5 MMT available for e...
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.