It's difficult to not worry about demand for agricultural commodities when concerned about China's economy. The country has accounted for 65 percent of the world's total soybean exports in the current marketing year.Today's markets (grains, oilseeds, financial, energy, etc.) seemed to be reacting to the overnight meltdown in China's financial market, which was down more than 8 percent and suffered the largest one-day loss since 2007. Despite that, China's market is still up 15 percent for the year but 28 percent off its high. That is quite a ride and almost like soybeans. Now that we have again put Greece on the back burner, it's time to worry about China's growth or lack thereof. Everything took a beating today. Corn and soybeans were shar...
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.