U.S. soybean processors crushed an estimated 150 million bushels during October, a record for the month. However, the limited availability of railroad equipment interfered with the timely delivery of supplies to users.The 2014 U.S. soybean harvest is essentially over. Yesterday USDA reported that 94 percent of the crop had been harvested as of 16 November with the northern tier of states accounting for most of what remained. At an estimated 3.96 billion bushels, this year's production is amazingly 18 percent larger than the previous record. Despite its historical size and the competition for storage capacity from the record-large corn crop being harvested at the same time, the soybean growers have managed to put their huge crop under cover...
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.