For the second consecutive week, China's average domestic corn price dropped because of downward market pressure. The weekly wholesale price will likely face even more such pressure as the central government must find a way to reduce corn stocks heading into summer. Oilseeds Soymeal Inventories Up Slightly as Crushing Rates Increase With the major soybean processors returning to pre-holiday operating schedules, last week’s estimated soymeal inventories rose 90,000 MT (+14.52 percent) to 710,000 MT and were 20,000 MT higher than the same week in 2015. Among the surveyed regions, southern China was clearly the driver behind the increases as volumes fell in the north. In Guangxi, estimated soymeal inventories grew sharply to 72,100 MT last...
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.