A little less heat and perhaps a bit more rain coupled with a slightly bearish USDA supply/demand report last week brought sellers to the soy complex today. Meanwhile, the smell of rain in the air dumped the Minneapolis wheat contract hard this morning. General Comments Markets started easier Sunday evening, and that selling pressure increased noticeably at today’s opening. Minneapolis wheat futures bore much of the early selling pressure, trading as much as 14-15 cents lower at one point before eventually trimming those early losses significantly. Corn and soybean futures traded 8-10 cents lower much of today’s session and finished in that range. Today’s extended weather forecasts were not as hot for the Corn Belt, and there was a...
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.