There have been several recent weather issues such as the drought in western Canada and the warm, dry finish to the season in Western Europe, but none have changed the overall bearish market attitude. However, El Nino's continued developing strength is of ongoing concern.Weather really hasn't played much of a role in markets this growing season, although much of today's soybean rally can likely be attributed to a drier and warmer Corn Belt weather forecast for at least the next two weeks. August is the month for soybeans, and yield estimates remain high. A bushel or two reduction in those numbers can make a difference to the U.S. soybean balance sheet. There have been other weather issues around such as the drought in western Canada and the...
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.