In some manner every annual crop cycle is different from its predecessors even if those differences are small enough to fade from memory over time. However, the 2020/21 crop cycle has already clocked enough differences compared to the recent past to suggest it may become a more memorable one. This is hinted at by looking at CME futures prices. CME SRW futures are trading roughly about $0.50 higher than a year ago. Soybean futures prices are running about $0.80 higher than during October 2019. Soyoil futures prices are up a sharp 270 points or so (2.7 cents/lb.) from a year ago. Corn futures are the only market not showing a big jump over last year. They are currently trading near the same level as a year ago. All of this is in...
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.