The November soybean contract was up as much as 8-9 early in the day with a high of $8.94½. $8.97-9.00 is still technical resistance, and the market hasn’t been able to push and hold above that. General Comments The U.S. government was closed today for the Columbus Day holiday. USDA’s weekly export inspections and crop progress reports, which we typically cover on Mondays, will be delayed until tomorrow. Much of the banking system was also closed today because the Federal Reserve was.U.S. commodity and financial markets were open. The grain and oilseed markets followed last Friday’s trends with soybeans again firm as corn and wheat were soft. Basis levels continue to firm for corn and soybeans. Asia’s financial markets were very strong, w...
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.