The one-day weather scare in wheat and the cold weather/planting issues across the Corn Belt didn’t alter the funds’ bearish stance. Meanwhile, the soy complex never seems to need much of a reason to go up. General Comments Corn, soybean and wheat markets were a bit higher in overnight trading, and volume was big. Markets held those overnight gains at today’s openings, and soybeans’ was extended after USDA announced the sale of 132,000 MT of old crop soybeans to unknown destinations. That business had been rumored all week and confirmed this morning.Weather is still an issue across the eastern Corn Belt. The forecast indicates a drying out finally, but temperatures are still projected to be much below normal for at least the next two 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.