USDA will release its August WASDE at Noon EDT Friday, 10 August. The August WASDE is always highly anticipated since it includes NASS’ first estimate of yields and production for corn and soybeans based on actual surveys. But interest in this year’s August WASDE is is higher than usual, probably the highest since the 2012 U.S. drought year, for several reasons. A considerable portion of that interest is focused on USDA’s supply/demand analyses for both the U.S. and the world - especially for other major exporters. As is always the case, the U.S. corn and soybean growing season weather has been a mixed bag. However, USDA’s weekly crop condition ratings remained at high levels even during the record Midwestern...
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.