In contrast to the combination of red and green hues traditional at Christmas time, the CBOT featured mostly red today. Corn, the entire soy complex, and Chicago wheat were all lower while KC HRW wheat managed to trade a few fractions of a penny higher. The EPA issued a notice of proposed rulemaking where distiller sorghum oil would count as an advanced biofuel feedstock. The move, if adopted, could open a new market for a co-product of ethanol production that uses sorghum as feedstock. Crude oil futures are steady as of this writing with WTI crude up 3 points at $59.69 and Brent up 1 point at $66.45. U.S. stock indexes are marginally higher in low-volume trade with the S&P and Dow Jones up less than one quarter of one per...
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.