Good afternoon from a very chilly Washington, D.C. The ‘bomb cyclone’ is hitting the northeast U.S. with wind, snow, and plenty of cold. Fortunately, the wind has blown much of the snow away, eliminating the immediate need for driveway-shoveling. Natural gas futures are heading lower for the second straight day, perhaps an indication this storm won’t be as bad as expected. Still, it feels pretty bad out. Agricultural commodity markets had a relatively benign day, except for MGEX wheat that finally caught the buying previously isolated to KS HRW and Chicago SRW wheat. The U.S. Midwest is still cold and dry, not great conditions for the winter wheat crop. Still, Russian sea ports are open and there’s little risk...
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.