It was another day of volatile price action in the soy complex. This time around, much of the market’s strength occurred during the overnight session. Meanwhile, wheat was actually the price leader in the day session. General Comments It was another day of volatile price action in the soy complex. This time around, much of the market’s strength occurred during the overnight session, especially after European businesses opened for the day. July soybeans traded in a 42 cent range today from about 25 cents up to 17 cents down. A new high of $11.6325 was posted overnight. November soybeans traded in a much more modest 21 cent range, but that contract also hit a new high of $10.895 overnight. Not to be outdone, July soymeal swung in a $21 rang...
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.