Soybeans led corn and wheat markets higher in the Sunday evening session, driven by a continuation of the dry weather forecasts for southern Brazil and Argentina. The overnight trading volume was good. Markets then opened higher this morning, but corn and wheat futures quickly turned lower, and soybeans didn’t match the overnight highs. U.S. equity markets were soaring again today on the Senate’s passage of the tax reform bill early Saturday morning. That process now goes to a House/Senate conference committee to iron out the differences between the two versions with most expecting that effort will be successful. Crude oil was lower, and the U.S. dollar was weaker early because of ideas that this new tax bill will generate lar...
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.