Although it may lack much long-term significance, yesterday's weekly crop condition report finally gave markets something to trade on. Soybean futures traded lower and then higher, but the market lacked the same level of enthusiasm that pushed corn futures as much as 9 cents higher at one point. General Comments Grain and soy prices moved higher during the overnight session as traders responded to lower-than-expected weekly condition ratings for corn, winter wheat and spring wheat. The first such ratings for the 2017 corn crop showed only 65 percent considered good or excellent. That is the lowest first-of-the-season rating for corn in four years. While these ratings in late May do not mean much in terms of crop development and ultimate y...
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.