During this winter wheat planting period in the U.S., it is important to note that the area planted to wheat has declined in recent years. This is due in part to the greater profitability of corn and soybeans, as well as the favorable genetic changes in the latter two crops and climate change. Weather can affect the planting of wheat as well as the number of acres ultimately harvested, but generally there is a strong correlation between the two. The wheat planted to harvested ratio over the past decade has been consistently in the low to mid 80 percentile, with an overall average of 83.6 percent. Without distinguishing amongst the six different major types of wheat grown in the U.S., the fact is that there is land solely suitable to...
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.
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...