Corn, soybeans and Minneapolis wheat futures traded higher overnight, while KC and Chicago wheat traded lower. Markets then traded slightly higher all day in relatively small volume, and there are several items that they will be watching in the days ahead. General Comments Corn, soybeans and Minneapolis wheat futures traded higher overnight, while KC and Chicago wheat traded lower. The six-10 day and eight-14 day weather forecasts did make dramatic changes on Sunday. They turned from below-normal temperatures and above-normal rainfall to above/much-above normal temperatures and normal/above-normal rainfall. That forecast wasn’t enough to prompt any major buying in corn and soybeans. There are several chances for some rain across the Corn...
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.