While the Ukrainian feed wheat price lost about $12 during the past three weeks, the market in Bulgaria and Romania showed a different price change as a result of the farmers' stance in those two countries. Milling Wheat The Black Sea market is weaker for September shipment due to harvest pressure and slow demand. However, the forward positions are offered at a strong premium as farmers are aggressively selling the spot position only to assure adequate storage space for their crops.The EU allocated 371,000 MT of wheat export licenses last week, bringing the cumulated total to 5.4 MMT versus 4.2 MMT at the same time last year.The Egyptian GASC didn’t receive a single offer in its 16 September tender due to the zero ergot tolerance. The gov...
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.