China’s recent currency depreciation has raised the cost of imported soybeans and is one factor that has slowed domestic utilization rates. A second factor is that demand from downstream markets remains weak. Oilseeds Soymeal Inventories Move Higher Last week, China’s soybean meal inventories were estimated at 1.4 MMT, a 10 percent increase of 129,300 MT from the previous week. Compared with the same period in 2014, last week’s estimated soybean meal inventories are 53,000 MT lower (-3.98 percent). Among the surveyed regions, soybean meal inventories fell 9.66 percent in Northern China to 154,300 MT and 17.73 percent in Guangxi to 157,700 MT. Partially offsetting were increases in soybean meal inventories by 35.46 percent in Northeast Ch...
What You Need to Know Today: A third U.S. border crossing (Columbus, New Mexico) has reopened to Mexican cattle imports following nearly two years of restrictions related to New World screwworm. The reopening could gradually improve feeder cattle availability, although more than 60 confi...
Yesterday, the USDA’s Agricultural Marketing Service (AMS) released a new report of negotiated cash purchases of cattle under the mandatory price report. The report included Colorado, New Mexico, Oklahoma, Texas, and Kansas. The goal of the report was to solve the confidentiality issues e...
Key Takeaways: U.S. soybean crushing began in 1911 and saw its most rapid expansion during the 1930s amid the broader agricultural and technology revolutions of the time. After peaking in the early 2000s, the soybean crushing industry went through a downturn as poor crush margins forced...
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.