The soy complex continues to be the energizer of agricultural markets. However, Its rallying would seem to be impossible in the face of another record world soybean harvest coupled with a forecast for record U.S. soybean plantings in 2017.The soy complex continues to be the energizer of agricultural markets. However, Its rallying would seem to be impossible in the face of another record world soybean harvest coupled with a forecast for record U.S. soybean plantings in 2017 (see first chart below). In fact, most analysts now believe U.S. farmers will increase soybean acres more than the 6 million acres indicated in the 31 March planting intentions estimate because of the wet conditions and flooding across portions of the eastern Corn Belt as...
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.