Speculative soybean longs do not appear very worried about tomorrow’s stocks and acreage numbers. However, the history of periodic 1 March corn stock surprises makes that market wary. The popular feeling is that if there is a surprise for corn, it will be a bearish one, and funds were sellers today. General Comments Many commodity markets tried to rally again based on Fed Chairperson Yellen’s dovish comments on monetary policy in a speech yesterday that echoed the same cautious approach conveyed in the Fed’s post-meeting statement two weeks ago. This was despite the more aggressive remarks made by several Fed officials last week. Yellen’s comments sent the U.S. dollar sharply lower, which helped push a number of commodity markets higher...
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.