Soybean futures put in a new high overnight, and that strength followed through today. Funds are also long soybean and soymeal futures, and this chart pattern is encouraging more buying. General Comments This week started with the same general theme that has occurred for a long time now. The soy complex began the week firm with corn and wheat futures under pressure. Too much rain is stalling the soybean harvest in Argentina, and the dry U.S. southern Plains could receive some very good rainfall this coming weekend if current forecasts hold. Alternatively, it could be as simple as the fact that funds are still holding huge short positions in corn and wheat and are long soybean and soyoil futures.USDA will release its monthly WASDE revision...
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.