Prices sagged throughout the day session due as much or more to an absence of buying interest as to aggressive selling. Funds were on the sell side across the board but in relatively modest volume. General Comments The overnight session once again showed mixed price action in mostly light volume. China returned to work after nearly a week-long holiday. The Shanghai stock index was higher, but the Dalian futures market ignored this week’s higher prices in Chicago to close mostly lower. Soyoil futures posted the only gain, but lower soymeal prices turned Chinese crush margins red again. This no doubt was one of the factors that caused a lack of interest from Chinese soybean buyers as they returned to their desks.The Fed released the minutes...
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.