As a result of current weather forecasts, today’s futures markets seemed undecided about price direction as grain and soy prices swung back and forth in wide trading ranges. MGEX spring wheat futures are of course in a world of their own. General Comments Trading in grain and soy futures resumed this morning, and traders returned from the holiday to face a mixed bag of weather forecasts that were much like the last ones they saw going home Monday. The eastern Midwest is due for a period of warm but not hot temperatures and periodic rains. The western Midwest outlook is not as favorable with hot and relatively dry conditions likely into mid-July. Meanwhile, the northern Plains will continue to see excessive heat and virtually no rain as th...
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.