The July WASDE conveyed an overall bearish tone for the grains, but it was mildly supportive for soybeans. As expected, it diverted market attention away from weather for only a few minutes. General Comments Grain and soy futures prices softened a bit in overnight trading as the market awaited USDA’s July WASDE at noon (EDT) today. Some additional overnight showers stretching from Iowa across northern Illinois into Wisconsin, northern Indiana and Michigan added further pressure on prices. When trading recessed, corn was down about 5 cents, soybeans were off close to 9 cents, and all three wheats were lower as well. Prices hung around similar levels during the day session ahead of the WASDE release. The Chicago trading crowd was no doubt i...
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.