Wheat futures were firm again today and are once more pushing toward the top end of the recent range in Chicago December futures. That contract tested $5.00 yesterday, and some technical short covering showed up when it ran out of buyers. General Comments Markets were steady overnight and higher much of today’s session to end the week. Corn, soybean and wheat basis levels in the interior continue to strengthen as farmer selling just isn’t there. Yesterday’s weekly export sales were again big for soybeans. Even wheat and corn export sales were better than we’ve seen recently, but they are lagging the pace needed to meet USDA’s latest forecasts.U.S. equity markets were mixed early and trading slightly higher throughout much of the morning,...
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.