Over the past decade, the soybean crush in the top ten countries has increased by nearly 37 percent. Over that same period, soymeal exports amongst the top ten countries grew at around 18 percent. This indicates that a significant share of the growth in crush is directed at the domestic market. Although Egypt and Mexico are amongst the world’s top ten soybean crushing countries, the resulting soymeal tends to be more directed toward the domestic market. By contrast, Bolivia and Ukraine are amongst the top ten soymeal exporting countries but do not rank in the top global ten for soybean crushing. Bolivia’s annual soybean crush has not increased much over the period, but Ukraine’s output has more than doubled. Both China an...
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.