The overnight session produced higher corn and soy prices, while wheat traded lower. However, funds returned as buyers early in the day session, which propelled prices higher across the board for a while. General Comments The overnight session produced higher corn and soy prices, while wheat traded lower. Volume was relatively light. However, funds returned as buyers early in the day session, which propelled prices higher across the board for a while. The rally later lost steam, and markets gave back the earlier gains. By the close, soybeans and wheat slumped back into the red, while corn struggled to hold on to fractional gains. Once again, prices moved in wide trading ranges of 12-13 cents for wheat, 10 cents for corn and about 23 cents...
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.