Corn and wheat rallies are likely over, while soybean futures may have more potential. Traders are watching fall hog supplies with suspicion, and the Cattle on Feed report’s effects are still dogging the cattle market. General Comments The soy complex was the winner of the overnight session. USDA’s crop condition ratings that pegged the soybean crop as worse than expected sent September soybeans 7.25 cents higher by the end of the overnight session. Soyoil and soymeal were pulled higher too, gaining $0.22 cents/pound and $2.40/ST, respectively.CBOT’s grain contracts did not fare so favorably last night. December corn closed 2.75 cents lower, while Chicago SRW wheat and KC HRW wheat fell 3.5 cents and 4 cents, respectively. MGEX HRS wheat,...
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.