Several notable factors were not sufficient on their own to bring enough buyers to the soybean market to offset the fund selling. Much of this weakness is attributed to the ongoing issues between speculators and the government in China. General Comments Markets opened soft in the Sunday evening session and stayed that way throughout today’s trading. The strong U.S. dollar and continued fund selling overpowered another round of soybean export sales announcements by USDA this morning. Funds were sellers of wheat, corn, soybeans, soymeal and soyoil. They were reported as light buyers of soymeal futures. Speculative selling continued to pressure China’s markets lower, and that was the major reason talked about for the weakness in U.S. markets...
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.