There are often days when prices for the grains and soybeans all move in the same direction, but we cannot recall one when closing price changes were as consistent as they were today. General Comments True to form for a Tuesday, grain and soybean futures prices turned around from yesterday’s multi-week lows to close higher today. It was not a major surge as the price gains were modest and surprisingly consistent across the board. Wheat, corn and soybeans all posted gains of 3.5-5.5 cents. Soyoil gained more than 50 points, while soymeal (the only loser today) slipped about $1.00. Volume was fair to moderate. There are often days when prices for the grains and soybeans all move in the same direction, but we cannot recall one when closing p...
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.