Markets were relatively quiet today. USDA announced the sale of 100,000 MT of soymeal to unknown. That was enough to generate light fund buying that held soybeans higher, although soymeal futures finished the day lower. General Comments Markets were relatively quiet today with corn and soybeans higher and wheat slightly easier. Monday, 30 May is the first holiday of the summer season in the U.S. All markets are closed until 8 p.m. (EDT) that evening. It also marks the start of the North American row crop growing season. Financial markets were also quiet. Equity markets were mostly steady to slightly higher. Crude oil was slightly lower, and the U.S. dollar was strong. The markets are waiting to see what the Federal Reserve does next week...
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.